ICICI Home Loan
Buy your dream house with ICICI Home Loan. Get quick approval with attractive rates andflexible EMIs. Apply online & Win Cashback up to 90,000*
Highlights
Rate of interest
7.55% - 8.0% p.a.
Processing fee
Nil
Prepayment Charges
Nil
Loan amount
Rs.10 lakh - Rs.10 crore
Tenure
5 - 30 years
Foreclosure Charges
Nil
Are you eligible?
You should meet the following criteria to apply for this loan:
Resident type: Indians and Non-Resident Indians (NRIs)
Applicant's age: 18 - 70 years
Min. monthly income for primary applicant: Rs 15,000
Min. monthly income for co-applicant: Rs 10,000
Key features of ICICI Home Loan
ICICI Home Loan Interest Rate starts from 6.70%.
Nil Processing Fee ( Limited Period Offer)
Loan Tenure of Home Loan ranges from 5 years to 30 years.
ICICI allows prepayment of home loans with Nil charges on floating rate loans.
ICICI has an average customer rating of 4.1/5.0 from customers who have taken a home loan from the bank.
Tentative list of documents required for Home Loan
Mandatory documents (To be submitted by all applicants)
- 1) Completed loan application
- 2) Completed loan application
- 3) Identity proof (any one): PAN/ Driving License/ Passport/ Voter ID card
- 4) Address proof (any one): Recent copy of any utility bill (Telephone/ Electricity/ Water/ Piped Gas) or Passport/ Driving License/ Aadhar Card
- 5) Other documents to be submitted as per your profile
For salaried individuals
For self-employed individuals
- 1) Salary slips for the last 3 months
- 2) Copy of Form-16 or IT Returns for the last 2 years
- 1) Proof of business address
- 2) Balance sheet and P&L statement for the last 3 years
- 3) Business license details
- 4) Copy of IT Returns for the last 3 years
- 5) Copy of Form-16A (if applicable)
- 6) Certificate of qualification (for C.A., Doctor, and other professionals)
For Farmers
- 1) Last 2 years' income certificate by Talati/ Gram Sevak/ Village Revenue Officer
- 2) Land revenue records - Form 6, 7/12, 8A
- 3) Bank account statement for the last 12 months
For non-resident Indians (NRIs)
- 1) A copy of valid visa or work permit
-
2) Any of the following for NRIs with Seafarer work profile:
- - Valid job contract
- - Continuous Discharge Certificate (CDC) (if disembarkation stamp is not older than 6 months)
- - Expired contract letter (if disembarkation stamp is older than 6 months)
- - Last salary slip as proof of employment with a shipping company
- 3) Relevant passport pages (with overseas address)
- 4) Overseas address proof: Government issued National Identity Card/ Driving license/ Utility bill/ Overseas bank statement
- 5) Employer's certificate
- 6) Address proof of the blood relative you're staying along with proof of relationship
Home Loan Calculator*
All you need to know about your home loan
What will be my monthly loan repayment?
Your EMI Per Month will be
How much am I eligible to borrow?
You are Eligible for amount
₹000000
EMI per month
₹000000
How much will I save on balance transfer?
Current Loan
You will save interest of
₹000000
EMI Tenure will be reduced by 8 MonthsCurrent Interest
₹7,19,576
New Interest
₹5,92,109
Current EMI Tenure
10 Years
New EMI Tenure
6 Years
Outstanding Principal ₹19,23,438
EMI ₹33,038
How much will I save on early repayment?
You will save interest of
₹000000
EMI Tenure will be reduced by 8 MonthsCurrent Interest
₹7,19,576
New Interest
₹5,92,109
Current EMI Tenure
10 Years
New EMI Tenure
6 Years
Outstanding Principal ₹19,23,438
EMI ₹33,038
How will a rate change impact me?
You will save
₹000000
Current Interest
₹7,19,576
New Interest
₹5,92,109
You will save
₹000000
Current Tenure
10 Years
New Tenure
9 Years 10 Months
What will be my monthly loan repayment?
Principal Paid
₹5,76,562
Principal Outstanding
₹19,23,438
Interest Paid
₹7,44,945
Interest Outstanding
₹7,19,577
Last Installment
40
EMI
₹33,038
ICICI Home Loan Features and Benefits
State Bank of India (ICICI) offers home loans at attractive interest rates starting from just 6.70% p.a. Whether you need a loan to build a new home or to renovate an existing one, ICICI has a range of home loan schemes for your unique requirements. The bank lets you borrow upto Rs 10 crore for a maximum of 30 years, depending on your eligibility.
ICICI Home Loan Processing Fee
ICICI Home Loan Processing Fee & Other Charges- Processing fee: ICICI Home loan processing fee starts from 0% and goes upto 0.50% depending on the eligibility & loan scheme.
- Prepayment charges: ICICI offers zero prepayment charges for floating rates.
- CERSAI Registration Fee: Rs 50 (upto 5 lakh) & Rs 100 (above Rs 5 lakh).
ICICI Home Loan Interest Rates
ICICI Home Loan interest rate starts from 6.70% p.a. The interest rates vary based on employment type: salaried or self-employed and multiple other factors based on eligibility and loan amount.
| Scheme | Interest Rate for Salaried Individuals | Interest Rate for Self-employed individuals |
|---|---|---|
| Regular Home Loan (Term Loan) | 6.95% – 7.35% | 7.10% – 7.50% |
| Home Loan (MaxGain) | 7.35% – 7.70% | 7.50% – 7.85% |
| Realty Home Loan | 7.70% – 7.90% | 7.65% – 8.05% |
| Home Loan Top Up (Term Loan) | 7.50% – 9.55% | 7.65% – 9.70% |
| Home Loan Top Up (Overdraft) | 8.40% – 8.65% | 8.65% – 8.80% |
| Bridge Home Loan | 1st Year: 9.50% 2nd Year: 10.50% | - |
| Smart Home Top Up Loan (Term Loan) | 8.05% | 8.55% |
| Smart Home Top Up Loan (Overdraft) | 8.55% | 9.05% |
| Earnest Money Deposit (EMD) | 10.45% onwards | - |
| Tribal Plus Scheme | 7.05% onwards | - |
| Reverse Mortgage Loan | For General Public: 9.05% p.a. For ICICI pensioners: 8.05% p.a. | - |
| Realty Home Loan | 7.65% onwards | - |
| Privilege & Shaurya | 6.95% onwards | - |
| Insta Home Top Up Loan | 8.20% | 8.20% |
ICICI Home Loan Eligibility Criteria
To get you home loan approved successfully with ICICI, you need to fulfill the ICICI Home Loan eligibility criteria:
| Residential status | Indian Resident / NRI / PIO |
| Employment type | Salaried/Self-Employed |
| Age | 18-70 years |
| Min. Income (Primary applicant) | Varies from case to case |
| Min. Income (Co-applicant) | Varies from case to case |
ICICI Home Loan EMI Calculator
Before you take a loan, it’s important to know how much EMI you will be paying. The EMI can be calculated easily using the ICICI Home Loan calculator. To calculate the EMI, you need to enter the amount you wish to borrow, the rate of interest, and the tenure of the loan.
The table below shows estimated EMI based on different loan amounts and tenures.
| Estimated EMI* (assuming rate of interest at 6.95% p.a.) | |||
|---|---|---|---|
| Tenure |
Loan amount
Rs 30 Lakhs |
Loan amount
Rs 60 Lakhs |
Loan amount
Rs 1 Crore |
| 5 years | Rs 59,333 | Rs 1,18,666 | Rs 1,97,776 |
| 10 years | Rs 34,755 | Rs 69,511 | Rs 1,15,851 |
| 20 years | Rs 23,169 | Rs 46,338 | Rs 77,230 |
| 30 years | Rs 19,858 | Rs 39,717 | Rs 66,195 |
ICICI Home Loan Documents Required
Below are the documents required for ICICI Home Loan-
- Fully completed application for Home Loan
- Loan applicant’s Passport size photographs
- Identification Proof (Any one): Driving License, Passport, Aadhar Card and Voter I Card
- Age Proof (Any one): PAN Card, Passport, Driving license, Birth Certificate, 10th class Marksheet and Bank Passbook
- Residence Proof: Utility Bill (Electricity, Telephone, Water, Gas Bill/Slip), Aadhar card, Voter ID card, LIC Policy slip, Ration Card and Letter of Public authority verifying the applicant’s address
- Proof of Income (For Salaried): Last 2 Months Payslip, Form 16, Increment or Promotion Letter, IT returns of the last 3 years, Investment proofs such as Fixed Deposits, Shares, etc.
- Proof of Income (For Self-employed): Business License details (or any other equivalent document), Last 3 years IT returns, Balance Sheet & Profit and Loss Statement of Firm/ Company (attested by a CA), Professional Practice License (For Doctors, Lawyers, Consultants, etc.), Registration Certificate of Establishment (For Shops, Factories, etc.) and Proof of Business Address.