ICICI Home Loan | ICICI Home Loan Interest Rate | Complete Details - BankBazaar
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ICICI Home Loan

ICICI offers home loans for wide range of purposes and is one of the leading home loan lenders in India

ICICI Home Loan Types

  1. ICICI Home Loan : Purchase a new or resale property, or to construct a home
  2. ICICI Home Improvement Loan : Repair an existing home, or to refurbish it (ex. painting, plumbing,electrical work etc)
  3. ICICI Land Loan : Purchase land for construction of house in near future
  4. ICICI EMI Under Construction : Purchase home that is already under construction
  5. ICICI Balance Transfer Loan : Transfer home loan from other banks/financial institutions
  6. ICICI Top-Up Loan : Get additional funds for personal requirements on the existing home Loan on the same property
  7. ICICI Office Premises Loan : For entrepreneurs to purchase, construct or extend their office premises

Features & Benefits of ICICI Home Loan

  1. Partial pre-payment on your ICICI home loan can be made without incurring any charges
  2. Documentation is simple
  3. ICICI offers doorstep service for ICICI home loans, thus saving you a lot of time
  4. ICICI will pre-sanction your ICICI home loan even before you identify your property
Details of ICICI Home Loan. Use our calculator to compare offers from multiple banks
Interest Rate (Monthly reducing balance) 8.25% fixed till March 2011
9.25% fixed from April 2011 to March 2012
From April 2012, 9% floating for loans up to 30 lakhs. 9.25% floating for loans over 30 lakhs

Base Rate is currently 7.5%
Processing Fees Higher of 0.5% of loan amount or Rs. 2,000
Loan Tenure 1 year to 20 years
Amount Funded Up to 80% of property value
Partial Pre-payment Charges Nil
Pre-closure Charges 2% of pre-closed amount including amount pre-paid in prior one year
Guarantor Requirement No guarantor required
Documents
  • Identity proof (Voter card/Driving license/Indian Passport and a photograph)
  • Residence Proof (Ration card/latest electricity bill/telephone bill/credit card bill)
  • Last 6 months bank statements
  • Processing fee cheque
  • Form 16 and Latest Salary (Only for Salaried)
  • Last 3 years Profit /Loss Balance Sheet, IT returns and educational qualification certificates (Only for Self Employed)

Get lowest home loan interest rate in 2 minutes from HDFC, IDBI, Axis, ING   


Recently made loan offers
Rs.29.70 lakhs for Rs.25,306 EMI
8.25%  Rate 240 Tenure

Total Interest PayableRs. 3,433,576

Total Tax + FeesRs. 11,030

Total Interest + FeesRs. 3,444,606

Submitted 16 minutes ago
Rs.25.70 lakhs for Rs.21,898 EMI
8.25%  Rate 240 Tenure

Total Interest PayableRs. 2,971,141

Total Tax + FeesRs. 11,030

Total Interest + FeesRs. 2,982,171

Submitted 53 minutes ago
Rs.28.90 lakhs for Rs.24,625 EMI
8.25%  Rate 240 Tenure

Total Interest PayableRs. 3,341,089

Total Tax + FeesRs. 11,030

Total Interest + FeesRs. 3,352,119

Submitted 54 minutes ago
 
Some fields are incorrect or have not been filled in. Please correct this to proceed.
Include only the following components of cost: Basic Selling Price, car parking (covered/open), electricity/water charges, Internal Development Charges (IDC), External Development Charges (EDC), Preferential Location Charges (PLC), Stamp duty and registration charges.
As per the Agreement to Sale or as per the Registered Sale Deed value, whichever is higher.
Cost of construction as per engineering estimate.
Current outstanding balance on the home loan you wish to transfer.
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Choose 'Salaried professional' if you are salaried and are qualified as a doctor, dentist, lawyer, architect, engineer or chartered accountant
Slowly start typing your employer's name and choose from the recommendations provided. If you do not see your employer on our list, simply type the name in this field.
This is your gross monthly salary as per your monthly payslip prior to deductions.
This is your net monthly salary as credited to your bank account after all deductions.
This is the approximate sum of all monthly incentives, if any, earned by you.
This is the annual bonus, if any, earned by you.
This is the sum of all monthly payments that you are making on all your currently open loans.Please ignore those loans where loan term outstanding is less than 12 months.
 / 
 / 
Choose 'Salaried professional' if you are salaried and are qualified as a doctor, dentist, lawyer, architect, engineer or chartered accountant
Slowly start typing your employer's name and choose from the recommendations provided. If you do not see your employer on our list, simply type the name in this field.
This is your gross monthly salary as per your monthly payslip prior to deductions.
This is your net monthly salary as credited to your bank account after all deductions.
This is the approximate sum of all monthly incentives, if any, earned by you.
This is the annual bonus, if any, earned by you.
This is the sum of all monthly payments that you are making on all your currently open loans.Please ignore those loans where loan term outstanding is less than 12 months.
The information I have provided is accurate. I understand that final credit approval is at the sole discretion of the financial institution.


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