ICICI Bank home Loan

ICICI Bank Home Loan Interest Rates

ICICI Bank Home Loan Floating Interest Rate

ICICI Bank Floating Rate Home Loans are linked to the ICICI Bank Base rate which is currently 10%. Whenever, the base rate changes, the interest rate applicable to your home loan will change accordingly.

Loan Amount

Rate

Effective Rate of Interest

Less than or equal to Rs. 30 Lakhs

Base Rate + 0.50%

10.50%

Greater than Rs. 30 Lakhs and less than or equal to Rs. 75 Lakhs

Base Rate + 1.00%

11.00%

Greater than 75 Lakhs

Base Rate + 1.50%

11.50%

ICICI Bank Home Loan Fixed Interest Rates

One Year Fixed Interest Rate Home Loan

Loan Amount

Fixed Rate for


1 Year

Floating Rate applicable after 1st Year

Less than or equal to Rs. 30 Lakhs

10.50%

Base Rate + 0.50%

Greater than Rs. 30 Lakhs and less than or equal to Rs. 75 Lakhs

11.00%

Base Rate + 1.00%

Greater than 75 Lakhs

11.50%

Base Rate + 1.50%

Two Year Fixed Interest Rate Home Loan

Loan Amount

Fixed Rate for 2 Years

Floating Rate applicable after 2nd Year

Less than or equal to Rs. 30 Lakhs

10.75%

Base Rate + 0.50%

Greater than Rs. 30 Lakhs and less than or equal to Rs. 75 Lakhs

11.25%

Base Rate + 1.00%

Greater than 75 Lakhs

11.75%

Base Rate + 1.50%

Three Year Fixed Interest Rate Home Loan

Loan Amount

Fixed Rate for
3 Years

Floating Rate applicable after 3rd Year

Less than or equal to Rs. 30 Lakhs

10.75%

Base Rate + 0.50%

Greater than Rs. 30 Lakhs and less than or equal to Rs. 75 Lakhs

11.25%

Base Rate + 1.00%

Greater than 75 Lakhs

11.75%

Base Rate + 1.50%

ICICI Bank Home Loan Amount

The home loan amount depends on your repayment capability and is restricted to a maximum of 80% of the cost of the property or the cost of construction as applicable.

ICICI Bank Home Loan Tenor

Maximum tenure of your home loan can be 20 years. However, in case of salaried customers it is capped at retirement age.

Eligibility Criteria for ICICI Bank Home Loan

ICICI Bank offers Home Loans to Resident as well as Non Resident Indians

  • You must be at least 21 years of age on sanction of the loan
  • The loan must terminate before or at 65 years of age or age of retirement, whichever is earlier.
  • You must be salaried or self-employed with a regular source of income.
  • Minimum age of co-applicant should be 18 years.

ICICI Bank offers Home Loans to Resident as well as Non Resident Indians

  • If your spouse is an earning member, you can make him/ her the co-applicant. Their income will be considered to enhance the eligibility.
  • In case of co-owners, they must necessarily be co-applicants.

ICICI Bank Home Loan Special Benefits

  • Free Personal Accident Insurance.
  • Insurance options for your home loan at attractive premium.