ICICI Home Loan Interest Rates

Here are some details on loan from the bank and ICICI home loan interest rate:

• Interest rate - 8.75%* P.a
• EMI starts at a nominal cost of Rs. 787 per Lakh.
• Subsidised Home loan interest rates that are connected with PMAY (Pradhan Mantri Awas Yojna)
• The seamless facility of balance transfer
• Unique concessional offers for salaried customers
• Maximum loan ranging up to INR 5,00,00,000/-
• Maximum repayment tenure up to 30 years
• No prepayment charges on the loan

Let’s proceed further for a quick insight on what is the home loan interest rate in ICICI.

If you are interested in opting for a home loan, it is recommended to go for ICICI Bank, making the entire process fast and simple. A Home Loan from ICICI Bank is a catch in the current scenario. The bank offers home credits to both salaried and independently employed at fixed and floating rates as per the buyer’s preference. Peruse more to know the subtleties underneath:

Special ICICI Bank Home Loan Interest Rates 2024

As we comprehend the basic job a home loan interest rate plays in deciding the general cost of our home, you need to basically investigate the marketplaces of today and afterward settle on your chosen advance type. Here's an examined rundown of the majority of the banks in the current economy offering the service of home loans. While there still are different components to take a gander at and consider, we should initially investigate the current market rates:

ICICI Bank Instant Home Loan

• The loans are pre-approved up to INR 5,00,00,000/-made available, especially for customers with an ICICI Bank salary account.
• There are no stringent documentation policies required to be submitted at the time of sanction of the loan.
• The processing fee is given at a concessional rate.

ICICI Bank 30-Year Home Loan

• Providing floating and fixed rates that are competitive in the current market.
• Maximum repayment tenure up to 30 years for easy and affordable EMIs
• EMIs/lakh go as low as INR 787/-

ICICI Bank Step Up Home Loans

• Best suited for salaried professionals who are young and whose income falls under the moderate bracket.
• The minimum monthly income requirement goes as low as INR 20,000/-
• Maximum repayment tenure up to 20 years for easy and affordable EMIs

* Rs.2,000 in Bangalore, Delhi and Mumbai

ICICI Bank NRI Home Loan

• NIL payment is needed in case of prepayment.
• It is providing floating and fixed rates that are competitive in the current market.
• The calculated Interest rates get reduced monthly.
• Processing Fee goes up to 0.50% - 2.00% of the loan amount plus applicable tax.

ICICI Bank Home Loan balance transfer allows you to move your current home loan obligation from different banks or NBFCs (Non-Banking Financial Companies) to ICICI Bank. The assistance is accessible at alluring transfer rates going from 8.75% p.a. This assists you with taking care of your current loans using one single loan record at lower interest fees. You can even opt for a top-up loan while making this transfer.

• Loan Type - Home Loan, Non-Residential Premises Loan, Loan Against Property, 
• Loan Amount - Minimum Rs.8 lakh to Maximum Rs.5 crores
• Tenure - Up to 30 years based on the loan type
• Processing Fees - 0.50% + applicable taxes