ICICI Bank Home Loan
ICICI Bank runs one of India's more responsive home-loan operations, especially for premium-salaried customers. Rates are competitive against SBI and HDFC, and the digital documentation journey is a step ahead of most public-sector banks.
By Aditi Menon·Editor-in-Chief·reviewed by editor
Last updated: 15 June 2025
Interest Rate
8.60% – 9.65% p.a.
Loan Amount
Up to ₹5 crore
Tenure
Up to 30 years
Processing Fee
0.50% to 1% of loan amount
Key features
- Starting rate 8.60% p.a., linked to repo + spread
- Loan amount up to ₹5 crore for premium salaried
- Tenure up to 30 years, subject to retirement age
- Nil foreclosure charges on floating-rate loans
- Balance transfer facility with top-up
Fees and charges
| Charge | Amount |
|---|---|
| Processing fee | 0.50% to 1% of loan (min ₹1,000) |
| Foreclosure (floating) | Nil |
| Foreclosure (fixed) | 2% of outstanding + GST |
| Legal / technical fee | Actuals, typically ₹5,000-8,000 |
| Late payment interest | 24% p.a. on overdue |
Eligibility highlights
- Salaried aged 23 to 65; self-employed up to 70
- Minimum income ₹30,000 / month for metros
- Minimum 2 years of employment / business
- Property in ICICI-approved technical zones
- LTV up to 90% for loans below ₹30 lakh
How ICICI compares to SBI and HDFC
ICICI usually sits between SBI (cheaper) and HDFC (slightly costlier) on published rate. On processing speed, ICICI is comparable to HDFC and faster than SBI. If your priority is a mix of competitive rate + fast processing, ICICI is a good middle path.