ICICI Home Finance Home Loan Highlights | |
Interest Rate | 9.20% p.a. onwards |
Loan Amount | Rs 3 lakh – 5 crores |
Tenure | Up to 25 years |
Processing Fees | 0.75%-3% |
Note: Rates as of 7th December 2023

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Table of Contents
ICICI HFC Home Loans Interest Rates
Floating-Rate Home Loans
Loan Type | Interest Rates |
Regular Home Loan | For salaried- 9.20% p.a. onwards
For self-employed- 9.35% p.a. onwards |
Apna Ghar | For salaried- 11.50% p.a. onwards
For self-employed-12.25% p.a. onwards |
Fixed-Rate Home Loans
Applicant Type | Interest Rate |
For Salaried Applicants | 11% p.a. |
For Self-employed Applicants | 11.15% p.a. |

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Compare Interest Rates on Home Loans for Top Banks & HFCs
Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
SBI | 8.40% - 10.15% p.a. | 8.40% - 10.05% p.a. | 8.40% - 10.05% p.a. |
HDFC Bank Limited | 8.35% p.a. onwards | 8.35% p.a. onwards | 8.35% p.a. onwards |
LIC Housing Finance | 8.40% – 10.35% p.a. | 8.40% – 10.55% p.a. | 8.40% – 10.75% p.a. |
ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
Kotak Mahindra Bank | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards |
PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. |
Punjab National Bank | 8.45%-10.25% p.a. | 8.40%-10.15% p.a. | 8.40%-10.15% p.a. |
Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. |
Union Bank of India | 8.40% – 10.80% p.a. | 8.40% – 10.95% p.a. | 8.40% – 10.95% p.a. |
IDFC First Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
L&T Finance Limited | 8.60% p.a. onwards | 8.60% p.a. onwards | 8.60% p.a. onwards |
Bajaj Housing Finance | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards |
Tata Capital Housing Finance | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards |
Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards |

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ICICI Home Finance (ICICI HFC) Home Loan Fees and Charges
Charges | Home Loans |
Processing Fees | 0.75%-3% |
Pre-payment charges | NIL |
ECS/Cheques/NACH dishonor charges | Rs 500 or other amount specified by IHFC plus applicable taxes |
Conversion charges | 0.50% for housing loans, 1% for the non-housing loans plus applicable charges |
Charges for pre-payment statement | Rs 500 plus applicable taxes |
Copy of original documents | Rs 1,000 plus applicable charges |
Charges for amortization schedule | Rs 100 plus applicable taxes |
Repayment mode swap charges | Rs 1,000 plus applicable taxes |
Charges for the swap of property | Rs 10,000 plus applicable taxes |
Charges for a statement of account | Rs 100 plus applicable taxes |
Charges on non-submission of PDC/NACH Mandate Form for EMI payment, per transaction | Rs 2000 plus applicable taxes |
List of documents | Rs 500 plus applicable taxes |
Penalty for delayed payment | 2% per month plus applicable taxes |
Charges for duplicate NOC/No dues | Rs 500 plus applicable taxes |
Types of ICICI Home Finance (ICICI HFC) Home Loans
New Home Loan
- Purpose: Regular home loans for salaried as well as self-employed applicants
- Loan Amount: Rs 3 lakhs- 5 crores
- Tenure: Up to 25 years (capped at 60 years of age or retirement for salaried and 70 years of age for self-employed applicants)
- Processing Fees: 0.75% of the loan amount or Rs 11,000 plus applicable taxes
Apna Ghar Home Loan
Purpose: Affordable housing loan scheme for both salaried and self-employed applicants with Pradhan Mantri Awas Yojana’s (PMAY) subsidy benefit of up to Rs 2.67 lakh
Loan Amount:
- Up to Rs 20 lakh for salaried
- Up to Rs 50 lakh for self-employed
- Processing Fees: 1% of the loan amount + GST @ 18%
Plot Loan
Purpose: Loan to salaried and self-employed individuals to purchase a plot of land for construction of the house
Loan Amount: Up to Rs 1 crore
Processing Fees: 0.75% of the loan amount or Rs 11,000
Home Improvement Loan
Purpose: Home loan for carrying out home repairs and renovations
Loan Amount: Rs 3 lakh- 5 crores
Tenure: Up to 20 years
Processing Fees: 0.75% of the loan amount or Rs 11,000
Home Loan Balance Transfer
Purpose: For transferring existing home loans availed from other banks and HFCs to ICICI Home Finance at lower interest rates
Loan Amount: Rs 3 lakh to Rs 5 crores
Tenure: Up to 25 years
Processing Fees: 0.75% of the loan amount
Also Know: Home loan tax benefits

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Top-up Home Loan
Purpose: To arrange finance for any personal/business requirements during the tenure of the home loan
Loan Amount: Up to Rs 1.5 crores
Tenure: Up to 20 years
Processing Fees: 0.75% of the loan amount or Rs 11,000
Insta Top-up Home Loan
Purpose: Loan provided over and above the existing home loan to meet the financial needs of the existing home loan and non-housing loan borrowers of ICICI Home Finance
Tenure: Up to 10 years
Loan Processing Time: within 72 hours
Apna Ghar Dreamz
Purpose: Affordable home loans for those lacking income proof documents along with PMAY’s subsidy benefits of up to Rs 2.67 lakhs
Loan Amount:
- Salaried: Rs 2 lakh- 20 lakh
- Self-employed: Rs 2 lakh- 30 lakh (up to Rs 50 lakh in Delhi/Mumbai)
LTV Ratio: Up to 80% of a Home’s market value
Tenure: Up to 20 years

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Eligibility for ICICI Home Finance (ICICI HFC) Home Loans
For New Home Loan
Nationality
- Salaried: Indians residing in India and NRIs
- Self-employed: Indians residing in India
Age
- Salaried: 23-60 years of age for Indian residents; 25-60 years of age for NRIs
- Self-employed: 28-70 years of age
Income
- Salaried: Minimum monthly income of Rs 12,000
- Self-employed: Minimum annual income of Rs 1.5 lakh (after tax deduction)
Co-applicant
- Salaried/Self-employed: The age of the co-applicant should be 18-65 years
Also Check: Home Eligibility of Top Banks & HFCs
For Apna Ghar Home Loan
Nationality
- Salaried/Self-employed: Indian residing in India
Age
- Salaried: 25-60 years
- Self-employed: 30-70 years
Job Profile
- Salaried: Applicants working with partnerships, proprietorship, LLP or public or private sector companies, MNCs
- Self-employed: A self-employed doctor, lawyer, CA, CS, etc.
For Plot Loan
Nationality
- Salaried: NRIs and Indians residing in India
- Self-employed: Indians residing in India
Age
- Salaried: 23-60 years (resident Indians), 25-60 years (NRIs)
- Self-employed: 28-70 years
For Home Improvement Loan
Nationality
- Salaried/Self-employed: Indian residing in India
Age
- Salaried: 23-60 years (Indian resident); 25-60 years (NRIs)
- Self-employed: 28-70 years
For Home Loan Balance Transfer
- Applicant paying a higher rate of interest currently for a home loan and are looking for some relaxation
- Applicants with all EMIs paid for an existing home loan
For Top-up Home Loan
Nationality
- Salaried: Indian residents and NRIs
- Self-employed: Indian residents
Age
- Salaried: 21-60 years (Indian residents); 23-60 years (NRIs)
- Self-employed: 28-70 years
For Insta Top-up Home Loan
Existing home loan borrowers of ICICI Home Finance who have made repayments for at least 18 months
For Apna Ghar Dreamz Home Loan
Nationality
- Salaried/Self-employed: Indian residing in India
Age
- Salaried: 23-60 years (Income considered); 18-80 years (Income not considered)
- Self-employed: 23-70 years (Income considered); 18-80 years (Income not considered)
Minimum Income
- Salaried/Self-employed
Home Loan Repayment Options
- Step-up repayment facility- Where EMI increases with the increase in income
- Part-fixed and Part-floating– When the interest rate is fixed for a few years and floating for the rest of the years
- Flexible loan installment payment– For those applicants whose income will decrease in a few years, for eg., if you are nearing retirement
- Equated Monthly Installments (EMIs)– When a fixed amount is paid even when the income increases

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Documents Required for ICICI Home Finance (ICICI HFC) Home Loan
For New Home Loan
Salaried
- Duly filled and signed application form
- Residence and ID proofs for KYC, like, Aadhaar card, PAN card, voter ID, job card issued by NREGA
- Last 2-month salary slips, 3 months bank statement, Form 16
- Documents of the property (unless the property is not finalized)
Self-employed Individuals/ Non-individuals
- Completely filled and signed application form
- Property documents
- ID and residence proofs for KYC
- Latest 2 income tax returns, 6 months bank statement, latest 2 years balance sheet (with schedules), and P&L accounts
For Apna Ghar Home Loan
Salaried
- Filled and signed application form
- Residence proofs and ID proofs (Aadhaar card, voter ID, PAN card, job card issued by NREGA) for KYC
- Income proofs (3 months bank statements, last 2 months salary slips, Form 16)
- Property documents (unless the property is not finalized)
Self-employed
- Completely filled application form
- ID and residence proofs
- Last 2 months ITR, last 2-year financials such as P&L accounts and balance sheet (with schedules), 6 months bank statement
- Documents of the property unless it is not finalized
For Home Loan Balance Transfer
Salaried/Self-employed
- A letter was written by the existing lender on his letter-head mentioning the list of property documents submitted to him by the borrower
- Letter from the existing financial institution stating the latest outstanding balance on their letter-head
- Xerox of the property documents (unless the property is not finalized)
For Home Improvement Loan
Salaried
- Filled application form
- ID and residence proofs
- Income proofs (last 2 months salary slips, Form 16, job card issued by NREGA, voter ID)
- Property documents (unless the property is not finalized)
Self-employed Individuals
- Application form
- ID and residence proofs
- Income proofs
- Property documents (unless the property is not finalized)
Self-employed Non-individuals
- ID and residence proofs (PAN card, GST registration copy, MOA of the company, AOA)
- Completely filled application form
- Property documents (unless the property is not finalized)
- Income proofs
For Plot Loan
Salaried
- Application form duly filled
- Income proofs such as 3 months bank statement, last 2 months salary slips, Form 16
- ID and residence proofs for KYC
- Property documents (unless the property is not finalized)
Self-employed Individuals/Non-individuals
- Completely filled application form
- ID and residence proofs (Aadhaar, PAN, Voter ID)
For Self-employed non-individuals- PAN, GST registration copy, MOA of company, AOA
- Last 2 months ITR, P&L accounts and balance sheet (with schedules) for last 2 years, 6 months bank statements
For Top-up Loan
Salaried
- Application form filled and signed
- ID and residence proofs for KYC
- Income proofs such as last 2 months salary slips, 3-month bank statement, Form 16
- Property documents (unless the property is not finalized)
Self-employed Individuals/ Non-individuals
- Application form
- KYC proofs such as PAN, Aadhaar, voter ID
For self-employed non-individuals- PAN, GST registration copy, AOA, MOA copy of the company
- Income proofs like the last 2 ITRs, 6 months bank statements, P&L accounts, and balance sheet (with schedules) for the last 2 years
For Insta Top-up Loan
Salaried
- Application form
- KYC proofs such as Aadhaar, PAN, etc.
- Latest salary slip/1-month bank statement for income proofs
Self-employed
- Application form
- ID and residence proofs
- Last 1-month bank statement as income proofs
For Apna Ghar Dreamz Home Loan
Salaried
- Completely filled and signed application form
- Property documents (unless the property is not finalized)
- ID and residence proofs
Self-employed
- Application form
- KYC proofs
- 6 months bank statements (At least Rs 1,500 for home loan up to Rs 5 lakh and Rs 3,000 for loan above Rs 5 lakh)
- Property documents (unless the property is not finalized)
Also Know: ICICI Home Finance Home Loan Customer Care Number
ICICI Home Finance (ICICI HFC) EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
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FAQs
1. How can the home loan applicants increase their home loan eligibility?
Ans. The home loan applicants can increase their home loan eligibility by adding a co-applicant like spouse or any immediate family member.
2. Does ICICI Home Finance provide preferential interest rates to women applicants?
Ans. Yes, ICICI Home Finance provides lower interest rates to women applicants. However, the HFC has not disclosed the concessions on interest rates offered to women applicants.
3. Who can be a co-applicant to my home loan?
Ans. Your spouse or any immediate family member can be the co-applicant. Adding woman as a co-applicant can help in availing home loans at lowers interest rate.
4. What is the minimum credit score required to avail home loans from ICICI Home Finance?
Ans. ICICI Home Finance has not specified the cut-off credit score for home loan applicants. However, the applicants with credit scores of 750 and above usually have higher chances of availing home loans at lower interest rates.
Click Here:- To know more about Credit Score based Home Loan Interest rates
5. Can I prepay the home loan availed from ICICI Home Finance?
Ans. Yes you can prepay your home loan availed from ICICI Home Finance, in part or in full. There are no prepayment charges levied on home loans with floating rates. However, the HFC levies prepayment fees of 2% on the outstanding loan amount for fixed rate home loans.
6. What are the benefits of EMI planning?
Ans. Home loan lenders usually prefer lending to those applicants whose total EMIs, including the existing EMIs as well as the EMI of the proposed home loan, is within 50-60% of their monthly income. Applicants exceeding this ratio have very low chances of availing home loans. Thus, home loans applicants should use home loan EMI calculator to find out their EMI affordability after factoring in their existing EMIs, monthly unavoidable expenses and monthly investments for their crucial financial goals. Doing so would reduce the chances of home loan rejection, find them their optimum home loan tenure based on their repayment capacity and ensure long term financial fitness.
7. Can I choose between a fixed and floating rate of interest?
Ans. ICICI Home Finance offers home loans at both fixed and floating rates of interest.