Last reviewed: 31 August 2026
ICICI Bank home loan interest rates currently range from 8.50% to 9.80% per annum under its standard floating-rate schedule. The applicable rate depends on the loan amount, employment type, credit score, income, repayment capacity and property.
ICICI Bank offers home loans to salaried and self-employed applicants for purchasing, constructing or renovating a residential property. Eligible borrowers can also apply for a balance transfer, land loan, home loan top-up or NRI home loan.
ICICI Bank Home Loan Highlights
| Particular | Current details |
|---|---|
| Standard floating interest rate | 8.50%–9.80% p.a. |
| Processing fee | 0.50% of the loan amount plus applicable taxes |
| Maximum advertised loan amount | Up to ₹10 crore, subject to eligibility |
| Maximum tenure | Up to 30 years |
| Eligible applicants | Salaried and self-employed individuals |
| Salaried applicant age | Generally 20–65 years |
| Self-employed applicant age | Generally 21–70 years |
| Preferred credit score | 700 or above |
| Eligible citizenship | Resident Indians and NRIs |
| Part-prepayment fee | Nil under the current service-charge schedule |
| Rate benchmark | Repo-linked for applicable floating-rate loans |
These details are indicative. The final loan amount, interest rate and repayment tenure will be mentioned in the sanction letter issued after ICICI Bank evaluates the applicant and property.
Current ICICI Bank Home Loan Interest Rates
Standard Floating Home Loan Rates
| Loan amount | Salaried applicants | Self-employed applicants |
|---|---|---|
| Up to ₹35 lakh | 8.50%–9.40% p.a. | 8.50%–9.55% p.a. |
| Above ₹35 lakh and up to ₹75 lakh | 8.50%–9.55% p.a. | 8.50%–9.70% p.a. |
| Above ₹75 lakh | 8.50%–9.65% p.a. | 8.50%–9.80% p.a. |
The rates are linked to the repo rate. A change in the benchmark can affect the applicable lending rate, EMI or repayment tenure.
Credit-Score-Based Special Rates
ICICI Bank may publish special rates for selected credit-score categories and customer profiles. As checked on 31 August 2026, the published special-rate table showed:
| Credit score | Salaried applicants | Self-employed applicants |
|---|---|---|
| 800 | 8.50% p.a. | 8.50% p.a. |
| 750–800 | 8.50% p.a. | 8.60% p.a. |
Special and promotional rates can have a limited validity period. They should not be treated as guaranteed rates for every borrower. The personalised offer and sanction letter will contain the applicable rate.
ICICI Bank Fixed Home Loan Rates
ICICI Bank also publishes fixed-rate options for applicants seeking predictable repayments.
| Fixed-rate period | Published interest rate |
|---|---|
| 24 months | 9.10%–9.15% p.a. |
| 37 months | 8.90%–9.15% p.a. |
| 120 months | 10.50%–10.60% p.a. |
| Full loan term | 10.90%–11.20% p.a. |
The rate and fixed period depend on the customer profile and product terms. A loan described as fixed for a limited period may move to a floating rate after the fixed period ends. Check the reset clause and conversion charges before accepting the offer.
How ICICI Bank Determines Your Home Loan Rate
The bank may consider:
- Credit score and repayment history
- Loan amount
- Salaried or self-employed status
- Monthly or annual income
- Employer or business profile
- Existing loans and credit card obligations
- Property value and type
- Loan-to-value ratio
- Requested repayment tenure
- Resident or NRI status
- Existing relationship with ICICI Bank
- Floating, semi-fixed or fixed-rate selection
A higher credit score does not guarantee the lowest rate, but it can strengthen the application when combined with stable income and manageable existing obligations.
ICICI Bank Home Loan Processing Fee
ICICI Bank’s published processing fee is:
0.50% of the loan amount plus applicable taxes
For example:
| Loan amount | Processing fee at 0.50%, before taxes |
|---|---|
| ₹25 lakh | ₹12,500 |
| ₹50 lakh | ₹25,000 |
| ₹75 lakh | ₹37,500 |
| ₹1 crore | ₹50,000 |
Legal scrutiny, property valuation, mortgage creation, documentation and administrative expenses may be charged separately.
The borrower should request an itemised schedule of charges before paying the application fee.
ICICI Bank Home Loan EMI
The EMI is calculated using the loan amount, monthly interest rate and number of monthly instalments.
The standard formula is:
EMI = P × R × (1 + R)ⁿ ÷ [(1 + R)ⁿ – 1]
Where:
- P is the principal loan amount
- R is the monthly interest rate
- N is the number of monthly instalments
EMI for a ₹50 Lakh Home Loan for 20 Years
| Interest rate | Approximate EMI | Approximate total interest |
|---|---|---|
| 8.50% p.a. | ₹43,391 | ₹54.14 lakh |
| 9.40% p.a. | ₹46,281 | ₹61.07 lakh |
| 9.55% p.a. | ₹46,770 | ₹62.25 lakh |
| 9.65% p.a. | ₹47,097 | ₹63.03 lakh |
| 9.70% p.a. | ₹47,262 | ₹63.43 lakh |
| 9.80% p.a. | ₹47,590 | ₹64.22 lakh |
The calculation assumes that the rate remains unchanged throughout the tenure. The rate, EMI or remaining tenure of a floating-rate loan may change after a benchmark reset.
ICICI Bank Home Loan EMI at 8.50%
| Loan amount | 10-year tenure | 20-year tenure | 30-year tenure |
|---|---|---|---|
| ₹20 lakh | ₹24,797 | ₹17,356 | ₹15,378 |
| ₹30 lakh | ₹37,196 | ₹26,035 | ₹23,067 |
| ₹50 lakh | ₹61,993 | ₹43,391 | ₹38,446 |
| ₹75 lakh | ₹92,990 | ₹65,086 | ₹57,669 |
| ₹1 crore | ₹1,23,985 | ₹86,782 | ₹76,891 |
A longer tenure reduces the EMI but increases the total interest paid. Borrowers should compare both EMI affordability and total repayment cost.
Types of ICICI Bank Home Loans
Regular Home Loan
The standard home loan can be used to purchase a new or resale house or flat. Eligible applicants can select a repayment tenure of up to 30 years.
Home Construction Loan
This loan can help finance the construction of a house on land owned by the applicant. Disbursement may be made in stages according to construction progress.
Home Improvement Loan
Existing homeowners can use a home improvement loan for eligible renovation, repair or extension work.
Land Loan
A land loan can be used to purchase an eligible residential plot. Construction conditions and a shorter repayment tenure may apply compared with a regular home loan.
Home Loan Balance Transfer
Existing borrowers can apply to transfer their outstanding home loan from another bank or housing finance company to ICICI Bank.
A balance transfer should be considered only after comparing:
- Current and proposed rates
- Outstanding principal
- Remaining tenure
- Processing fee
- Legal and valuation charges
- Mortgage-related expenses
- Total projected interest saving
Home Loan Top-Up
Eligible existing home loan borrowers can apply for additional funding against the mortgaged property. The rate, amount and permitted use depend on the applicable top-up product.
Step-Up Home Loan
A step-up repayment structure may allow eligible borrowers to pay lower instalments during the initial period and higher instalments later, in line with expected income growth.
It can make the initial EMI more manageable, but the borrower should examine the total interest and future repayment commitment carefully.
NRI Home Loan
ICICI Bank offers home loans to eligible NRIs for purchasing, constructing or renovating residential property in India. The maximum repayment tenure can extend up to 30 years, subject to age, income and overseas employment conditions.
Pre-Approved Home Loan
Selected existing ICICI Bank customers may receive a pre-approved or provisional home loan offer. The offer remains subject to property verification, document submission and final approval.
A pre-approved offer should not be treated as final property approval or guaranteed disbursement.
ICICI Bank Home Loan Eligibility
Employment
The applicant can be:
- A salaried employee
- A self-employed professional
- A self-employed business owner
- An eligible NRI
Age
- Salaried applicants: generally 20–65 years
- Self-employed applicants: generally 21–70 years
The age at loan maturity can affect the maximum tenure.
Credit Score
ICICI Bank indicates a credit score of 700 or above as a general eligibility condition. Applicants with a stronger score and repayment record may have a better chance of receiving a competitive rate.
Income
The applicant must have stable and regular income sufficient to repay the proposed EMI after accounting for existing obligations.
ICICI Bank does not use one universal minimum income for all applicants. Requirements can differ by city, loan amount, occupation and repayment tenure.
Citizenship
Resident Indians and eligible NRIs can apply under the relevant home loan scheme.
Property
The property must meet ICICI Bank’s legal, technical, valuation and construction requirements. Loan approval does not replace independent legal verification by the purchaser.
How to Improve ICICI Bank Home Loan Eligibility
Applicants can strengthen their home loan application by:
- Maintaining a credit score above 750
- Paying existing EMIs and credit card bills on time
- Reducing high credit card utilisation
- Closing unnecessary short-term loans
- Adding an eligible earning co-applicant
- Choosing a realistic loan amount
- Providing complete and consistent income records
- Making a larger down payment
- Avoiding several loan applications within a short period
- Selecting a property with clear title and approvals
An earning co-applicant can improve eligibility, but the bank will examine the co-applicant’s income, liabilities and credit report separately.
Documents Required for an ICICI Bank Home Loan
KYC Documents
- PAN card
- Aadhaar card, passport, voter ID, driving licence or another accepted document
- Address proof
- Date-of-birth proof
- Recent photographs
Documents for Salaried Applicants
- Latest salary slip
- Latest Form 16
- Salary-account bank statements for the previous six months
- Employment proof, if requested
- Details of existing loans and repayment obligations
Documents for Self-Employed Applicants
- Bank statements for all operative accounts for the previous six months
- Income-tax returns for the previous two years
- Computation of income
- Audited or CA-certified profit and loss account
- Balance sheet
- GST returns for the previous year, where applicable
- Business registration or continuity proof
- Professional qualification documents, where applicable
Documents for NRI Applicants
- Valid passport
- Visa, work permit or residence permit
- Overseas address proof
- Salary slips or overseas income documents
- Overseas bank statements
- NRE or NRO account statements
- Employment contract, where applicable
- Overseas credit report, if required
- Power of attorney, where required
Property Documents
- Agreement to sell
- Sale deed or title documents
- Approved building plan
- Property-tax receipts
- Encumbrance documents
- Builder or housing-society papers
- Construction estimate, where applicable
- Required approvals and no-objection certificates
Additional documents can be requested according to the applicant and property.
ICICI Bank Home Loan Prepayment and Foreclosure
ICICI Bank’s current service-charge schedule lists the part-prepayment fee as nil.
Foreclosure conditions can differ according to whether the loan is floating, fixed, semi-fixed, taken by an individual or taken for a non-individual purpose. Borrowers should check the sanction letter and current service-charge schedule before prepaying the complete outstanding amount.
Avoid retaining old universal claims such as “zero foreclosure charges on every ICICI home loan,” because fixed-rate and specially structured loans can have different conditions.
ICICI Bank Home Loan Conversion Charges
The published servicing information includes the following rate-conversion charges:
- Floating-rate term loan to another fixed or floating term-loan option: ₹3,000
- Semi-fixed or fixed rate to adjustable rate: 2% of principal outstanding
- Overdraft conversion: 0.50% of principal outstanding
The applicable charge can depend on the original loan agreement and conversion requested.
Floating or Fixed ICICI Bank Home Loan
Floating Rate
A floating rate can rise or fall when the linked benchmark changes.
It may suit borrowers who:
- Prefer a lower initial rate
- Can manage changes in EMI or tenure
- Want greater prepayment flexibility
- Are taking a long-term home loan
Fixed Rate
A fixed rate provides predictable payments for the agreed fixed period or full term.
It may suit borrowers who:
- Want repayment certainty
- Expect interest rates to rise
- Can accept a higher initial rate
- Understand the conversion and foreclosure conditions
Before selecting a fixed rate, confirm whether it remains fixed for the full tenure or only for an initial period.
How to Apply for an ICICI Bank Home Loan
- Estimate the required loan amount.
- Calculate an affordable EMI.
- Check your credit report.
- Keep income and KYC documents ready.
- Submit the application through Wishfin or the applicable ICICI Bank channel.
- Provide property documents for legal and technical assessment.
- Review the sanctioned amount, rate, benchmark, spread, tenure and fees.
- Complete the loan and mortgage documentation.
- ICICI Bank will disburse the loan according to the property transaction or construction stage.
Provisional approval does not guarantee final disbursement. The property and all supporting documents must meet the bank’s requirements.
Benefits of an ICICI Bank Home Loan
- Standard tenure of up to 30 years
- Loans available to salaried and self-employed applicants
- Resident and NRI home loan options
- Floating and fixed-rate choices
- Balance-transfer and top-up facilities
- Digital application and document-submission options
- Different products for purchase, construction, plots and renovation
- Part-prepayment fee listed as nil under the current service schedule
The actual benefit depends on the offer made to the individual borrower.
Things to Check Before Accepting the Loan
- Final interest rate
- Repo benchmark and spread
- Rate-reset frequency
- Processing fee and applicable taxes
- Legal and technical charges
- Fixed or floating-rate conditions
- Prepayment and foreclosure rules
- Insurance cost and whether the policy is optional
- EMI and total interest
- Property approval conditions
- Disbursement schedule
- Original-document return process after closure
Ask for all charges and conditions in writing before signing the loan agreement.
Frequently Asked Questions
What is the current ICICI Bank home loan interest rate?
ICICI Bank’s standard floating home loan interest rates currently range from 8.50% to 9.80% per annum.
Does ICICI Bank offer a home loan at 7.50%?
ICICI Bank may advertise limited-period or pre-approved promotional rates for selected customers. Such a rate is not its standard rate for every applicant. Check the active offer, validity date and sanction letter before using it in an EMI calculation.
What is the ICICI Bank home loan rate for salaried applicants?
The standard rate for salaried applicants ranges from 8.50% to 9.65% per annum, depending on the loan amount and borrower profile.
What is the rate for self-employed applicants?
The standard rate for self-employed applicants ranges from 8.50% to 9.80% per annum.
What is the processing fee?
The published processing fee is 0.50% of the loan amount plus applicable taxes.
What is the maximum loan amount?
ICICI Bank advertises home loans of up to ₹10 crore. The sanctioned amount depends on income, existing obligations, credit profile and property value.
What is the maximum tenure?
Eligible applicants can get a repayment tenure of up to 30 years.
What credit score is required?
ICICI Bank indicates a score of 700 or above as a general eligibility condition. A higher score can improve the chance of approval and competitive pricing.
Can self-employed applicants apply?
Yes. Self-employed professionals and business owners can apply by providing income-tax returns, bank statements, business documents and financial statements.
Can NRIs apply?
Yes. Eligible NRIs can apply for an ICICI Bank home loan to purchase, construct or renovate residential property in India.
Can I transfer an existing home loan to ICICI Bank?
Yes. Eligible borrowers can apply for a home loan balance transfer. Compare the total transfer cost with the expected interest saving before proceeding.
Is the part-prepayment charge nil?
ICICI Bank’s current service-charge schedule lists the part-prepayment fee as nil. Full foreclosure conditions may differ according to the rate type and borrower category.
Does ICICI Bank offer a fixed home loan rate?
Yes. ICICI Bank publishes fixed-rate options for limited periods and the full loan term. Fixed rates are generally higher than its lowest standard floating rate.
How long does approval take?
The time required depends on document submission, applicant verification, property valuation, legal scrutiny and completion of the bank’s internal checks.
Conclusion
ICICI Bank offers home loans with standard floating rates ranging from 8.50% to 9.80% per annum, repayment tenure of up to 30 years and a processing fee of 0.50% plus taxes.
Its product range can suit salaried, self-employed, resident and NRI applicants. However, borrowers should compare the personalised rate and total loan cost with other banks instead of choosing solely on the basis of an advertised promotional rate.
DISCLAIMER: Rates and charges shown on this page were reviewed on 31 August 2026 and are subject to change. ICICI Bank’s published rate table was valid through 31 August 2026 and should be checked again before any later publication date. The final rate, amount and approval depend on the bank’s policy, applicant profile and property verification. Wishfin does not guarantee approval or the lowest advertised rate.
