ICICI Bank offers Home Loans up to Rs 5 crore with minimal documentation, instant provisional sanction, and flexible repayment options. Enjoy competitive ICICI Home Loan Interest Rates, zero foreclosure charges, and extensive offline support for a seamless borrowing experience.

ICICI Home Loan Interest Rate Details 2025

Below is the table showing the home loan details and home loan interest rate details offered by ICICI Bank -

ICICI Home Loan Rates Based on CIBIL Score

ICICI Bank offers home loan rates based on CIBIL scores for salaried and self-employed applicants with different loan amounts. Let’s check the rates for both below -

ICICI Special Home Loan Interest Rates

ICICI Home Loan Standard Interest Rates

• Home loan interest rates vary based on credit score, customer profile, and segment. 
• Rates are linked to the Repo rate. 
• A processing fee of 0.50% of the loan amount plus taxes applies. 
• Rates are valid until March 31, 2025.

Types of ICICI Bank Home Loans

ICICI Bank offers a wide range of home loan products to cater to different housing and financial needs. Here’s an overview of the various home loan options available:

ICICI Bank Home Loan

Financing the purchase or construction of a residential house or apartment.

• Tenure: Up to 30 years.
• Features: Competitive interest rates with flexible repayment options.

ICICI Home Loan Balance Transfer

Existing home loan borrowers from other banks or housing finance companies (HFCs) can transfer their loans to ICICI Bank at lower interest rates.

• Tenure: Up to 20 years.
• Features: Potential savings on interest payments and improved loan terms.

ICICI Bank Land Loan

For purchasing land or plots with a condition that construction is completed within 2 years of loan disbursement.

• Tenure: Up to 20 years.
• LTV (Loan-to-Value): Up to 70% of the market value.
• Features: Enables land purchase with long repayment tenure and competitive interest rates.

ICICI NRI Home Loan

Designed for NRIs to buy, construct, repair, or renovate homes in India.

• Loan Amount: Up to Rs. 5 crore or more.
• Tenure: Up to 30 years.
• Features: Simplified application process with attractive interest rates.

ICICI Home Loan Overdraft

Offers a linked overdraft facility where borrowers can deposit surplus funds and withdraw as needed. Interest is charged only on the amount withdrawn.

• Loan Amount: Rs. 5 lakh to Rs. 5 crore.
• Features: Helps manage liquidity while repaying the home loan.

ICICI Bank Step-Up Home Loan

Enables borrowers to get a higher loan amount than regular home loans. The repayment schedule has two phases:

• Primary Term: Borrowers pay only the interest.
• Balance Term: Full EMI (interest + principal) starts.
• Loan Amount: Up to Rs. 3 crore.
• Tenure: Up to 20 years
• Features: Helps young salaried professionals avail larger home loans with lower initial EMIs.

ICICI Pre-Approved Home Loans (Instant)

Offers instant home loan sanction to select customers with a valid sanction letter for six months.

• Loan Amount: Up to Rs. 5 crore.
• Tenure: Up to 30 years.
• Features: Quick approval process, making home buying hassle-free.

ICICI Pre-Approved (Instant) Balance Transfer

Allows select customers from other banks/HFCs to transfer their home loan instantly to ICICI Bank at lower interest rates.

• Loan Amount: Up to Rs. 1 crore.
• Tenure: Up to 20 years.
• Features: Instant approval with a six-month validity for the sanction letter.

ICICI Bank 24-Hour Top-Up Loan

Provides instant top-up loans for existing home loan customers to meet various personal needs, including travel, wedding, education, home renovation, and medical emergencies.

• Tenure: Up to 10 years.
• Features: Quick disbursal with minimal documentation.

ICICI Bank Home Loan Top-Up

Additional loan for expenses such as marriage, business expansion, home renovation, or education, with an optional overdraft facility.

• Loan Amount: Up to 100% of the original loan amount sanctioned.
• Tenure: Up to 20 years.
• Features: Flexible usage with extended repayment options.

ICICI Insta Home Loan Overdraft (Pre-Approved)

Offers a pre-approved digital overdraft facility for urgent financial needs, such as education, home renovation, or debt consolidation.

• Loan Amount: Rs. 5 lakh to Rs. 1 crore.
• Features: Instant fund access through a seamless digital process.

ICICI Insta Home Top-Up Loan (Pre-Approved)

Digital pre-approved top-up loan for existing home loan customers, disbursed instantly to the linked savings account.

• Loan Amount: Up to Rs 1 crore.
• Tenure: Up to 10 years.
• Features: Hassle-free digital application and quick disbursal.

ICICI Bank Home Construction Loan

Financing for land purchase and home construction on the same land. Borrowers who already own land can also avail funds for construction.

• Tenure: Up to 30 years.
• Features: Structured disbursal as per construction milestones with long repayment tenure.

By choosing the right ICICI Bank Home Loan, borrowers can make homeownership and property investment more convenient and financially viable.

Pradhan Mantri Awas Yojana - Urban (PMAY-U) Interest Subsidy Scheme

ICICI Bank participates in the Interest Subsidy Scheme (ISS) under PMAY-U, offering home loan subsidies to eligible EWS, LIG, and MIG families for purchasing, repurchasing, or constructing houses.

Eligibility Criteria

• EWS/LIG/MIG households with an annual income of up to Rs.9 lakh.
• Self-attested income proof required.

Subsidy Details

• Interest subsidy: 4% on home loans up to Rs.25 lakh.
• Maximum subsidy benefit: Rs.1.80 lakh (NPV: Rs.1.50 lakh at an 8.5% discount rate).
• House value limit: Rs.35 lakh.
• Carpet area: Up to 120 sq. meters.
• Tenure: Minimum 5 years, with subsidy disbursed in 5 equal yearly installments.

PMAY-U aims to make homeownership more affordable, improving the quality of life for urban households.

What is the eligibility to apply for an ICICI home loan?

What are the Documents Required for an ICICI home loan?

Below are the essential documents required for applying for an ICICI Home Loan:

Common Documents (Applicable to All Applicants)

• A duly filled application form with a recent photograph and signature.
• Proof of Identity (PAN Card, Aadhaar Card, Voter ID, Passport, or Driving License).
• Proof of Residence (Utility bill, Aadhaar Card, Passport, or Rental Agreement).
• Proof of Age (PAN Card, Birth Certificate, Passport, or Aadhaar Card).
• Processing fee cheque as per bank guidelines.

For Salaried Individuals

• Last 6 months' bank statements showing salary credits.
• Last 3 months' salary slips.
• Form 16 or Income Tax Returns (ITR) for the last 2 years.

For Self-Employed Professionals & Non-Professionals

• Identity, residence, and age proof (as mentioned in common documents).
• Last 6 months' bank statements of business and personal accounts.
• Income Tax Returns (ITR) for the last 3 years with income computation.
• Proof of business existence (Registration Certificate, GST Certificate, or Business License).
• Educational qualification certificate (for professionals such as doctors, CAs, etc.).
• CA-certified/Audited Balance Sheet and Profit & Loss Account for the last 3 years.

Ensuring all required documents are submitted can help speed up the loan approval process.

How can you calculate EMI for ICICI home loan?

A home loan or an interest rate calculator is one such magical, cost-effective, and time-saving device that allows you to calculate your loan EMI in a very quick and easy manner. 

Wishfin ICICI Bank Home Loan EMI Calculator is the best tool for calculating your correct EMIs. You just need to feed three basic components into the calculator:

• Loan Amount
• Interest Rate
• Tenure

For example: You want to avail a loan for Rs. 50,00,000 from ICICI Bank for the tenure of 25 years. The interest rate of a home loan starts from 8.75% p.a., and it may go up to 10.05% p.a. Then your EMIs will be as follows -

ICICI Bank Home Loan Fees & Charges

How can you apply online for ICICI home loan?

The online loan application procedure is simple with Wishfin. You can visit the website and apply for the lender that suits your purpose. If you match the eligibility criteria and have all the documents (including property papers), Wishfin experts will make sure you get instant approval with the lowest rate possible.

Purposes of an ICICI Home Loan

ICICI Bank offers home loans for various purposes, including:

• Buying a New House – Purchase a newly constructed home or flat from a builder or developer.
• Buying a Resale Home – Finance the purchase of a pre-owned or resale property.
• Construction of a New Home – Get funds for building a house on owned land.
• Buying a Property – Purchase a residential plot for future home construction.
• Balance Transfer – Transfer an existing home loan from another bank or HFC to ICICI Bank for lower interest rates and better loan terms.

Benefits of ICICI Home Loan

Key Features and Benefits of ICICI Bank Home Loan -

1. High Loan Amount

• Get a Home Loan of up to Rs 5 crore online, catering to diverse housing needs with ample financing options.

2. Minimal Documentation

• A streamlined documentation process ensures faster approval and reduces paperwork hassles for applicants.

3. Instant Provisional Sanction

• Get instant home loan sanction, allowing you to make confident home purchases without delays.

4. Flexible Tenure & Repayment Options

• Choose a repayment schedule that aligns with your financial situation, ensuring better affordability and convenience.

5. No Foreclosure Charges

• Repay your loan ahead of schedule without any foreclosure charges, offering greater financial flexibility.

6. Competitive Fixed Interest Rates

• Enjoy the stability of fixed interest rates, ensuring predictable monthly repayments and peace of mind.

7. Extensive Offline Support

• Access support through ICICI Bank’s branch network, where dedicated representatives assist with applications, queries, and personalized guidance.

T&Cs apply. Loan sanction and approval are subject to document verification and eligibility checks.

ICICI Bank Home Loan Application Status

When you apply for a home loan through Wishfin, you get personalized assistance for your loan. The experts here will let you know when you can get the approval & disbursal.

ICICI Home Loan FAQs

1. What is the interest rate for ICICI Bank home loans?

2. How to apply for an ICICI home loan online?

3. What is the maximum home loan tenure in ICICI?

4. How long does it take for an ICICI Bank home loan approval?

5. What is the ICICI home loan processing fee?

6. What is the minimum CIBIL score for an ICICI home loan?

7. What is the minimum home loan amount in ICICI?

8. What is the maximum limit of an ICICI housing loan?