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SUITABLE FOR

Suitable for owning your dream home with ease

  • Instant Provisional Sanction*

  • Hassle-free Documentation

  • Fast Processing

  • Long Tenure

VIEW INTEREST RATES

 

 

 

 

Home Loan Calculators

About Home loans

Understanding a Home Loan

A Home Loan is a financial product that helps individuals purchase, build or renovate their homes. It provides funds based on the property value and the applicant’s eligibility. The Loan is typically repaid in easy monthly instalments (EMIs) over a long tenure.

Benefits of a Home Loan

Home Loans offer significant advantages, such as attractive interest rates, the home loan tax benefit under Section 80C, and the ability to own a property without full upfront payment. They provide flexible repayment options, making it easier to manage finances. With a Home Loan, buying a home becomes more affordable and feasible.

Are Home Loans a good option to buy property?

Home Loans make it easier to invest in real estate, allowing individuals to purchase their dream home without having to save for and pay the entire price upfront. With attractive home loan interest rates and long repayment periods, Home Loans ensure that buying a home is more accessible, affordable and financially manageable.

Home Loan Interest Rates & Charges

Explore Home Loan interest rates and charges that outline the costs involved in securing your Home Loan.

Repo Rate effective as on Jun 07, 2025: 5.5%

Instant Home Loan interest rates

Customers of ICICI Bank who qualify for Instant Home Loans stand to benefit from preferential Home Loan rates, which are lower than standard rates.

Current Instant Home Loan Interest Rate: 8.75% p.a.

Special Home Loan Interest Rates

Special Home Loan interest rates, often lower than standard rates, are offered for a limited time or to eligible customers. Below are the special Home Loan interest rates currently being offered:

CIBIL Score

Salaried Individual

Self-Employed Individual

> 800

9.00%

9.00%

750-800

9.00%

9.10%

Standard Home Loan Interest Rates

Standard Home Loan interest rates apply uniformly to all applicants. They are determined by market conditions and creditworthiness. Below are the standard Home Loan interest rates currently being offered:

Loan Amount

Salaried Individual

Self-Employed Individual

Up to ₹ 35 lakh

9.25% - 9.65%

9.40% - 9.80%

₹ 35 lakh - ₹ 75 lakh

9.50% - 9.80%

9.65% - 9.95%

Above ₹ 75 lakh

9.60% - 9.90%

9.75% -10.05%

Home Loan Fees & Charges

Processing Fees

0.50% of the loan amount plus applicable taxes

Pre-payment Charges

Click here

The above rates are linked to Repo Rate.

Current* Repo rate: 5.5%.

* Valid till 30th Sep’25

Types of Home Loans

When considering a loan for a house, it is essential to understand the various Home Loan options available, as listed below:

  • Home Top-Up Loans: These are available to existing ICICI Bank Home Loan customers who need additional funds for home renovation or extension.

  • Step-Up Home Loans: Tailored for young salaried individuals, this option allows you to get a higher Loan amount with moderate initial EMIs, which reduces financial strain in the initial years. The EMIs increase with time, to reflect the increase in salary.

  • Land Loans: For purchasing land as a future investment, ICICI Bank offers Land Loans at attractive interest rates with minimal documentation. 

Understanding these Home Loan options can help you choose the one that best aligns with your financial goals and housing needs.

Home Loan FAQs

What is a Home Loan?

A Home Loan provides funds for purchasing, constructing or renovating a property, which is repaid in monthly instalments over time (known as EMIs).

How do I apply for a Home Loan?

You can apply via the iMobile app, Internet Banking, the ICICI Bank website or by visiting any ICICI Bank Branch..

What factors affect Home Loan eligibility?

Home loan eligibility is based on age (20–65 years for salaried individuals, 21–70 years for self-employed individuals), income, employment stability and credit score (ideally 750+) of the applicant.

What is a Floating Rate of Interest on a Home Loan?

Floating Rate of Interest on a Home Loan means that the interest rate is not fixed and can change over time. The change takes place according to a benchmark rate/repo rate set by the Reserve Bank of India (RBI) that can impact your monthly EMIs.

What is the meaning of a Fixed Rate of Interest on a Home Loan?

A Fixed Rate of Interest on a Home Loan means that the rate of interest does not change throughout the tenure of the loan. Regardless of market fluctuations, the borrower pays the same interest rate through the same equated monthly instalments (EMIs), from the loan's inception to its conclusion. This stability provides predictability in monthly payments, allowing homeowners to plan their finances without being affected by interest rate variations in the market.

Is there any tax benefit available on Home Loans?

Yes, Home Loans offer tax benefits. You can claim the amount paid towards the repayment of the principal and the interest components as deductions in your Income Tax returns. The limits on the deductible amount are governed by the applicable Income Tax laws. In India, under Section 24(b), the interest paid on a Home Loan is eligible for deduction up to ₹ 2 lakh per year. Additionally, under Section 80C, the amount paid towards principal repayment is eligible for a deduction of up to ₹ 1.5 lakh. These tax benefits make Home Loans an attractive financial instrument, encouraging homeownership while providing potential savings on taxable income.

Do I need a guarantor for a Home Loan?

For ICICI Bank, the requirement of a guarantor for a Home Loan depends on several factors, notably the applicant's creditworthiness, income stability and the loan amount. Generally, a guarantor might not be necessary if the borrower fulfils the eligibility criteria of ICICI Bank. However, if the applicant's financial profile falls below the bank's standards, a guarantor could be requested to ensure loan repayment.

ICICI Bank assesses each application on its merits. Hence, we recommend consulting with our representative directly for complete guidance on your Home Loan application.

How long does it take to get a Home Loan sanctioned?

At ICICI Bank, the duration for sanctioning a Home Loan varies, depending on factors such as the accuracy of the applicant’s documentation, their credit history, property evaluation and the applicant's credit score. The process can take one to two weeks. ICICI Bank usually requires thorough verification of the applicant's financial documents such as income proof, identity proof and property documents. The time taken for property valuation and legal checks also contributes to the overall processing time. Applicants should provide all necessary documents promptly to expedite the Home Loan approval process.

What is the maximum Home Loan I can get?

Your eligibility for a Home Loan is determined by factors such as your income, credit score and the value of the property. Generally, lenders offer around 80-90% of the property's value. Your ability to repay and financial stability are crucial in deciding the loan amount you can receive.

How long does it take for a Home Loan to be disbursed?

At ICICI Bank, the disbursement usually takes a few minutes after the loan is approved.

Who is the co-applicant in a Home Loan?

A co-applicant is someone who applies for the loan alongside the borrower. A co-applicant for a Home Loan can be a spouse, parent or sibling. The co-applicant’s income and credit history are taken into account, potentially leading to a more favourable loan amount and terms.

Can I repay my outstanding Home Loan amount?

You have the option to repay your Home Loan at any time. You can make full or partial prepayments to lower your interest expenses and shorten the repayment period. It is advisable to confirm with your lender regarding any prepayment penalties or terms.

Take a word from our Customers

  • P

    Peddintli Rao Dodda

    4.5

    I want to express my sincere appreciation for the Relationship Manager who assisted me with my Home Loan application. His follow-up and guidance was instrumental in making the loan process fast and efficient. It took less than two days for the sanction. The disbursement was quick, covering the legal and technical aspects which is not possible with other banks. Thank you for such dedicated support and exceptional service.

  • A

    Abhishek Gupta

    5

    I availed Home Loan from ICICI Bank and I will highly recommend it. The application process was simple, documentation requirements were clear and the Bank's team was responsive and professional. The loan approval and disbursal were on time and the transparency of the terms and conditions was commendable. Overall, I had a hassle-free and satisfying experience with ICICI Bank Home Loan team. I am grateful for the support and assistance I have received from the dedicated team of ICICI Bank. I am looking forward to a long and trusted relationship with ICICI Bank.

  • S

    Suraj Srivastava

    4.5

    ICICI Bank and its Relationship Manager made my Home Loan process as simple as it could be. It just took 3 weeks right from the first enquiry call to the loan disbursement. Hats off to the team for their prompt actions, timely reminders for documents, closure of tasks etc. I will share my wonderful experience with others and strongly recommend ICICI Bank Home Loan to everyone. Thanks team.

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