ICICI Bank Home Loan Interest Rate

ICICI Bank home loan interest rates include the following features-

• For home loan applications, ICICI Bank provides a quick and simple documentation process.
• The qualifying conditions are kept on the high side, allowing more applicants to obtain a house loan.
• Lower EMIs with low-interest rates.
• Tablets and smartphones can be used to apply for a house loan with ICICI Bank, allowing for speedier approvals.
• Existing ICICI Bank customers are eligible for pre-approved home loans at the bank's discretion.
• Tenure can be extended for up to 30 years.
• Top-up loans are accessible to customers who require more funding.
• For some home loans, ICICI Bank also provides doorstep service.

Here are the tables to show the ICICI Bank home loan interest rate 2024-

There are distinctive types of home loans from the bank to cater to varied needs, and they are-

This scheme is to buy or construct home properties. It also has a repayment tenure of up to 20 years.

This is a housing loan scheme for obtaining house loans quickly through online application, speedy processing, and digital sanction. The Provisional Sanction Letter is valid for six months from the date of issuance.

It is a pre-approved house loan with immediate approval available to customers who have salary accounts with ICICI Bank.

It is a house Loan program that allows the applicant to extend the repayment period till the age of 67 in order to increase the home loan amount by 20%. Mortgage Guarantee backs up the increased loan amount and payback term.

For the purpose of moving existing house loans from other banks/NBFCs to ICICI Bank at cheaper interest rates; Top-up loan on existing house loan to suit any professional or personal needs.

This is so existing ICICI Bank customers can use this pre-approved fast home loan balance transfer service to transfer their existing house loan from another bank/HFC to ICICI Bank at a cheaper interest rate.

It is home loans for affordable housing are available to salaried candidates with a monthly salary of at least Rs 10,000 and self-employed applicants with a company history of at least five years.

This is a scheme for NRIs to buy or construct houses in India.

This is to buy a piece of land or plot.

These pre-approved top-up loans give immediate money in just three clicks for personal and corporate needs.

This interest subsidy of up to Rs 2.67 lakh is available to EWS, LIG, and MIG groups for the purchase of a new or old residential house, home building, land purchase, and construction of a dwelling place and extension of existing residential property.

If you fit into the below mentioned, you can apply for the loan-

• Indians and Non-Resident Indians (Non-Resident Indians).
• The candidates range in age from 18 to 65 years.
• Co-applicants range in age from 21 to 65 years.
• NRI candidates range in age from 25 to 60 years.
• Employment status: self-employed, salaried, or self-employed professional.
• Primary home loan applicants must have a monthly income of at least Rs. 15000.
• Minimum monthly income for co-applicant: Rs. 10,000.

• Application Form
• Proof of Identity
• Processing fee cheque
• Address proof
• Age proof

Processing Fees- 0.50% – 2% (of the loan amount from ICICI Bank)

There are two major ways, and they are-

• By way of ICICI Ltd. The official ICICI portal offers the home loan application form. Through this official portal, you may fill out the form and track the status of your application.
  
  
• Through an ICICI branch office: If you want to apply for the loan in person, go to your nearest ICICI branch.