If you plan to purchase a dream home for you and your family, you should read this blog to the end as I have explained the complete details of taking an ICICI home loan. Usually, people face many difficulties in taking a home loan as they are unaware of the process, interest rate, charges, etc.
In this blog, I have provided detailed information about many aspects of a home loan, which I think is imperative to know before taking a home loan or even finalizing where to take one. I have covered topics such as ICICI Home Loan Interest Rates, Processing fees, and other charges, Eligibility, Documents, Tenure, Loan Amount, Features, EMI calculator, FAQs, and more.
ICICI Home Loan Details
Here are a few basic details for your information.
| Bank | ICICI Bank |
| Home Loan Amount | Up to Rs 5 Crores |
| Home Loan Interest Rates | 9% to 10.05% per annum |
| Processing Fees | 0.50% of loan amount + GST |
| Tenure | Up to 30 Years |
| Eligibility | Salaried & Self Employed |
| Types of Home Loans | Loan Against Property, New property purchase, Home Improvement Loan, Top Up Loan, Plot Loan, Home Loan Overdraft, Balance Transfer |
ICICI Home Loan Interest Rate
ICICI Home Loans are offered to Salaried and Self-employed individuals at an attractive interest rate. Special home loan interest rates up to 31st January 2025 are 9% for salaried and self-employed.
ICICI Home Loan Interest Rates for Salaried
| Slab | Floating Interest Rates |
| Up to ₹35 lacs | 9.25% – 9.65% |
| ₹35 lacs to ₹75 lacs | 9.50% – 9.80% |
| Above ₹75 lacs | 9.60% – 9.90% |
ICICI Home Loan for Self-Employed
| Slab | Floating Interest Rate |
| Up to ₹35 lacs | 9.40% – 9.80% |
| ₹35 lacs to ₹75 lacs | 9.65% – 9.95% |
| Above ₹75 lacs | 9.75% -10.05% |
ICICI Home Loan Processing Fees and Other Charges
Apart from processing fees, there are other charges which might be levied in the future like EMI bouncing charges. Still, you should be aware of these charges before applying for a home loan from ICICI Bank.
| Processing Fees | 0.50% – 2.00% of the loan amount or Rs. 3000/- whichever is higher + GST |
| Administrative Charges | 0.25 % of Facility Amount or Rs. 5000/- whichever is lower + GST |
| Part Prepayment Fees | Nil |
| Cheque/ECS/NACH dishonor Charges, per transaction | Rs. 500/- charges per bounce/return/dishonour of cheques |
| Property Document retrieval charges | Rs. 500/- + GST and other statutory levies, if any. |
| Cheque/Repayment mode swap charges | Rs. 500/- + GST and other statutory levies, if any. |
| Cheque re-issuance & revalidation charges | Rs. 250/- + GST and other statutory levies, if any. |
| Late Payment Fees (Applicable for OverdraftProduct) | Rs. 500/- + GST and other statutory levies, if any. |
| Additional interest | 2% per month |
| Charges for duplicate NOC/No Dues Certificate | Rs. 250/- + GST and other statutory levies, if any. |
| Charges for the List of Documents | Rs. 250/- + GST and other statutory levies, if any. |
| Loan Document Retrieval charges | Rs. 650/- + GST and other statutory levies, if any. |
| Additional Admin Fee for Non-Auto Debit cases | Rs. 500/- + GST and other statutory levies if any. |
| CERSAI Charges | Rs. 100/- + GST and other statutory levies, if any. |
- Also Read – SBI Home Loan: Interest Rate, Eligibility, Tenure, Documents
- Also Read – HDFC Home Loan complete details
ICICI Home Loan Calculator
You can check the ICICI Bank Home Loan Calculator on the link given below for the loan amount you require.
ICICI Home Loan Calculator EMI
In the below table for the sake of example, I have used a 9% Rate of interest so that you get a basic idea.
| Loan Amount | EMI for 15 Years | EMI for 20 Years | EMI for 30 Years |
| Rs. 30,00,000 | Rs. 30,428 | Rs. 26,992 | Rs. 24,139 |
| Rs. 50,00,000 | Rs. 50,713 | Rs. 44,986 | Rs. 40,231 |
| Rs. 75,00,000 | Rs. 76,070 | Rs. 67,479 | Rs. 60,347 |
| Rs. 1,00,00,000 | Rs.1,01,427 | Rs. 89,973 | Rs. 80,462 |
| Rs. 1,50,00,000 | Rs. 1,52,140 | Rs. 1,34,959 | Rs. 1,20,693 |
ICICI Home Loan Eligibility
ICICI calculates home loan eligibility after calculating various factors like your monthly income, fixed monthly obligations, current age, retirement age, etc. You can enhance your home loan eligibility by applying with a co-applicant. You can check your eligibility on
ICICI Home Loan Eligibility Calculator.
- Nationality – Indian
- Age – 21 years to 60 years
- Profession – Salaried, Self-Employed or NRI
- Minimum Salary – Rs 25000
ICICI Home Loan Documents
Documents required to avail of ICICI Bank Home Loan are different for Salaried, Self-Employed Professional or Self-Employed Non-professionals.
ICICI Home Loan for Salaried Individuals
- Identity Proof – PAN Card, Aadhar Card, Driving License (Any One)
- Age Proof – PAN Card, Aadhar Card, Birth Certificate (Any One)
- Address Proof – Aadhar Card, Driving License, Voters ID (Any One)
- Bank Statement – Last 6 Months
- Salary Slip – Last 3 Months
- Income Tax – Form 16
- Property Documents
ICICI Home Loan Documents for Self-Employed Professionals
- Identity Proof – PAN Card, Aadhar Card, Driving License (Any One)
- Age Proof – PAN Card, Aadhar Card, Birth Certificate (Any One)
- Address Proof – Aadhar Card, Driving License, Voters ID (Any One)
- Education Proof – Education qualification certificate and proof of business existence
- Bank Statement – Last 6 Months
- Income Tax – Last 3 Years Income Tax Returns with Computation of Income
- Balance Sheet – Last 3 years CA Certified/ Audited Balance Sheet and Profit & Loss Account
- Proof of Business Existence
- Property Documents
ICICI Home Loan Documents for Self-Employed Non-Professionals
- Identity Proof – PAN Card, Aadhar Card, Driving License (Any One)
- Age Proof – PAN Card, Aadhar Card, Birth Certificate (Any One)
- Address Proof – Aadhar Card, Driving License, Voters ID (Any One)
- Education Proof – Education qualification certificate and proof of business existence
- Bank Statement – Last 6 Months
- Income Tax – Last 3 Years Income Tax Returns with Computation of Income
- Balance Sheet – Last 3 years CA Certified/ Audited Balance Sheet and Profit & Loss Account
- Business Profile
- Proof of Business Existence
- Property Documents
ICICI Home Loan Apply
To apply for ICICI Home Loan visit ICICI Bank Website. You can also visit any ICICI Bank Branch and ask the home loan executive to assist you in the home loan process.
Step 1 – ICICI Home Loan Apply Online
Visit the ICICI Bank Home Loan site at www.icicibank.com and click on “Apply Now”.
Step 2 – Verify Relation with ICICI Bank
If you are an existing ICICI Bank customer, you can verify your relationship with ICICI Bank and check if you have a pre-approved offer for a home loan.
If you are a new customer with no relation to ICICI Bank, you will have to provide basic details like your PAN Number, Aadhar card, DOB, Income details, etc., and click on submit.
Step 3 – ICICI Home Loan Check Offer
After submitting all the details, an offer will be made to you with the maximum amount you are eligible for. You will have to select the loan amount
Step 4 – Make Payment & Provisional Approval
Once you finalize the loan amount, you will be asked to make a payment depending on the home loan amount. Once the payment is made, provisional approval for your home loan will be provided.
Step 5 – Upload Documents
You will have to upload all relevant documents, such as proof of income, PAN, Aadhar, property documents, etc. Once all the documents are verified, final approval will be provided.
ICICI Home Loan Customer Care
Toll-Free Number for ICICI Home Loan Customer Care
For Products & Services inquiry, Call at 1800 267 4455
ICICI Home Loan Customer Care Email id
customer.care@icicihfc.com
ICICI HFC Registered office
ICICI Home Finance Company Limited
ICICI Bank Towers,
Bandra – Kurla Complex,
Mumbai 400 051, India
Tel.: (+91- 22) 26531414
ICICI HFC Corporate Office
ICICI Home Finance Company Limited
ICICI HFC Tower,
Andheri – Kurla Road,
Andheri (East), Mumbai – 400059, India
Tel.: (+91- 22) 40093231
- Also Read – SBI Home Loan: Interest Rate, Eligibility, Tenure, Documents
- Also Read – HDFC Home Loan complete details
ICICI Home Loan Frequently Asked Questions (FAQs)
Here are some frequently asked questions (FAQs) about ICICI Home Loans:
1. What is the maximum loan amount I can get from ICICI Bank for a home loan?
A: ICICI Bank offers home loans for up to 90% of the property value, subject to a maximum of ₹ 5 crore.
2. What is the minimum age requirement to apply for an ICICI Home Loan?
A: The minimum age requirement to apply for an ICICI Home Loan is 21 years.
3. How long does it take for ICICI Bank to process my home loan application?
A: The time taken to process a home loan application from ICICI Bank may vary depending on various factors such as the type of loan, loan amount, and documentation requirements. Typically, it takes about 7-15 working days for ICICI Bank to process a home loan application.
4. Can I get a home loan from ICICI Bank if I am a self-employed professional?
A: Yes, ICICI Bank offers home loans for both salaried individuals and self-employed professionals. However, the eligibility criteria and documentation requirements may vary depending on the type of borrower.
5. How can I track the status of my ICICI Home Loan application?
A: You can track the status of your ICICI Home Loan application online by visiting the bank’s website and using the application reference number provided at the time of application.
6. Can I prepay my ICICI Home Loan?
A: Yes, you can prepay your ICICI Home Loan without any prepayment charges.
7. Can I apply for an ICICI Home Loan if I am an NRI?
A: Yes, ICICI Bank offers home loans for NRIs (Non-Resident Indians) who are looking to purchase property in India. However, the eligibility criteria and documentation requirements for NRI home loans may vary slightly from those for resident Indians.
