Apply for an ICICI Bank Home Loan online and access up to ₹5 Crore* with an attractive interest rate of just 8.75%** p.a. Enjoy the benefits of minimal documentation and receive an instant provisional sanction*. Our digital application process is designed for your convenience, offering flexible tenure options for a comfortable repayment experience. Start your homeownership journey confidently and enjoy a seamless, customer-friendly experience with ICICI Bank. Secure your ideal Housing Loan today.
Before you apply for a Home Loan, it’s important to understand the eligibility requirements. This table breaks down the essential criteria that lenders evaluate, such as income, credit score, employment status, age, and property value. By understanding these factors, you can gauge your chances of getting approved and strategically plan your home buying journey.
Eligibility | Salaried and Self Employed |
Income Criteria | Minimum salary for ICICI Bank Home Loan: Rs 25,000 |
Age Criteria | Minimum: 21 years, Maximum: 70 years |
Loan Tenure | Up to 30 years |
Loan Amount | No cap, depending on your eligibility |
Nationality | Indian |
Refer to the provided table to explore the Home Loan Interest Rates and associated charges, detailing the financial aspects of obtaining your home financing.
Home Loan Interest Rate (For Pre-approved Customers) Pre-approved ICICI Bank customers can enjoy special Home Loan rates, which are more favorable than the regular rates. These preferential rates are designed to acknowledge customer loyalty and financial reliability. *Terms and conditions apply. Dependent on bureau score. Only applicable to customers with a pre-approved Home Loan
Current Home Loan Interest Rate | 8.75%* p.a. |
Exclusive Home Loan Interest Rates Exclusive Home Loan interest rates, typically lower than the standard rates, are available for a limited period or to qualifying customers as part of promotional incentives. Here are the current special Housing Loan interest rates:
CIBIL | Salaried | Self Employed |
>800 | 9.00% | 9.00% |
750-800 | 9.00% | 9.10% |
Standard Home Loan Interest Rates Standard Home Loan interest rates are consistently applied to all applicants, influenced by market trends and individual creditworthiness. Here are the standard Housing Loan interest rates:
Loan Slab | Salaried | Self-Employed |
Up to ₹ 35 lakhs | 9.25% – 9.65% | 9.40% – 9.80% |
₹ 35 lakhs to ₹ 75 lakhs | 9.50% – 9.80% | 9.65% – 9.95% |
Above ₹ 75 lakhs | 9.60% – 9.90% | 9.75% -10.05% |
Home Loan Fees & Charges | ||
Processing Fees | 0.50% of the loan amount plus applicable taxes | |
Dos | Don’ts |
Investigate loan and property details thoroughly. | Avoid applying for a Home Loan on multiple aggregator sites to maintain approval chances. |
Plan for unexpected expenses wisely. | Refrain from carrying excessive loans to maintain a favourable creditworthiness. |
Keep all necessary paperwork organised. | Avoid overspending on credit cards or delaying loan repayments to prevent a negative impact on your credit score. |
Improve your credit before applying for a Home Loan. | Don’t commit to a Home Loan beyond your means to ensure manageable repayments. |
Unlock the door to your dream home early in life with ICICI Bank Step Up Home Loans, tailored for young salaried professionals. This innovative product allows you to borrow a larger amount than you might typically qualify for under standard home loan programs. Enjoy lower EMIs in the early years with payments that increase over time, aligning with anticipated income growth.
ICICI Bank’s Home Overdraft offers a comprehensive solution for all your funding needs, suitable for both planned and unplanned expenses. This long-tenure, multipurpose facility allows you to access funds quickly by utilizing your residential, commercial, or specialized properties as collateral. Opt for this overdraft as an addition to your existing Home Loan, Loan Against Property, or Loan against Rent Receivables. This flexible solution lets you withdraw funds as needed and save on interest by only charging you for the amount utilized.
*Note: The overdraft facility should not be used for speculative or restricted purposes.
Loan Types
Eligible Profiles
Eligible Entities
End Use
*Note: Loan amount may vary based on the customer’s profile (Salaried/Self Employed).
The criteria for qualifying for a Land Loan from ICICI Bank are based on the following aspects:
Eligibility for a home loan depends on various factors including your age, income, employment type, credit history, and the value of the property. Generally, you must be at least 21 years old at the time of loan commencement and up to 65 years or less at the time of loan maturity.
You will need to provide proof of identity, proof of residence, recent salary slips (for salaried individuals), bank statements, income tax returns, and property documents. Self-employed individuals must provide business proofs along with financial documents.
You can use the EMI Calculator available on the ICICI Bank website to determine your monthly outgo. Just input the loan amount, the term of the loan, and the interest rate to receive an estimate of your monthly installment.
Yes, you can prepay your home loan. For floating rate loans, there are no prepayment charges. However, for fixed-rate loans, a prepayment penalty may be applicable as per the terms and conditions of your loan agreement.
The approval process can vary, but typically, once all required documents are submitted and the property details verified, the loan approval can take anywhere from a few days to a couple of weeks.
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