| ICICI Home Loan Balance Transfer 2022 | |
| Interest Rates | Home Loan Balance Transfer:7.60% p.a. Onwards |
| Pre-approved Home Loan Balance Transfer: 7.50% onwards | |
| Loan Amount | As per the applicant’s eligibility |
| Repayment Tenure | Up to 20 years |
| Processing Fee | 0.50% – 2.00% of the loan amount or Rs 1500/- (Rs. 2000/- for Mumbai, Delhi & Bangalore), whichever is higher + GST |
Note: Interest rates as of 27th July 2022
Apply for Home Loan at Attractive Interest Rates Click Here
Table of Contents
ICICI Bank Home Loan Balance Transfer Interest Rates
For salaried borrowers:
| Slab | Floating ROI (p.a.) |
| Up to Rs 35 Lakh | 7.60%- 8.05% |
| Rs 35 Lakh to Rs 75 Lakh | 7.60%- 8.20% |
| Above Rs 75 Lakh | 7.60%- 8.30% |
For self-employed borrowers:
| Slab | Floating ROI (p.a.) |
| Up to Rs 35 Lakh | 7.70%- 8.20% |
| Rs 35 Lakh to Rs 75 Lakh | 7.70%- 8.35% |
| Above Rs 75 Lakh | 7.70%- 8.45% |
Pre-approved Home Loan Balance Transfer Interest Rate
| Pre-approved Balance Transfer | 7.50% p.a. onwards |
*The rate of interest can vary based on the income profile of the customer.
Apply for Home Loan at Attractive Interest Rates Click Here
ICICI Bank Pre-approved Home Loan Balance Transfer
ICICI Bank offers an exclusive facility for existing customers who want to shift their Home Loan or Loan Against Property (LAP) from other lenders to ICICI Bank at lower interest rates.
Loan amount: Up to Rs 1 crore
Click Here:- To know more about pre-approved home loan
ICICI Bank Home Loan Balance Transfer Fees and Charges
Processing fees
| Processing fees | 0.50% – 2.00% of the loan amount or Rs 1500/- (Rs 2000/- for Mumbai, Delhi & Bangalore), whichever is higher + GST |
Prepayment Charges
| Prepayment Charges | Floating ROI (Home Loan, Land Loan and Home Improvement Loan): NIL |
| Full repayment on Fixed ROI (GCCHome Loan, Land Loan, Home Improvement Loan & Top Up Home Loan): 2% +taxes on outstanding principal | |
| On full repayment of Top Up on Home Loan for business purpose: 2% + taxes on outstanding principal | |
| Floating ROI for non-business purpose: NIL |
Other fees and charges
| Conversion charges | If prepayment charges are not applicable: Rs 1000 + taxes |
| If prepayment charges are applicable: | |
| Floating to Floating: 0.5% of the principal outstanding + taxes | |
| Dual fixed rate to Floating: 0.5% of the principal outstanding + taxes | |
| Floating to Dual fixed rate: 0.5% of the principal outstanding + taxes | |
| Lifetime fixed to floating: 1.75% of the principal outstanding + taxes | |
| Repayment mode swap Charges | Rs 500 |
| Document Retrieval Charges | Rs 500 |
| Cheque/AD/ECS bounce charges | Rs 500 |
| Duplicate No Objection Certificate / No Due Certificate | Rs 100 |
| Administrative charges | Rs 5000 or 0.25 % of the loan amount whichever is lower + taxes |
| Cibil Report Charges | Rs 50 |
Apply for Home Loan at Attractive Interest Rates Click Here
ICICI Bank Home Loan Balance Transfer Eligibility Criteria
- Salaried individuals
- Self-employed individuals
Pre-approved Home Loan Balance Transfer Eligibility Criteria
- Indian resident
- Customers holding ICICI Bank savings or salary account
- Minimum repayment record of 24 months
- Customers should have an ongoing Home Loan, LAP or NRP.
Check your Home Loan Eligibility with other Banks/HFCs Click Here
Home Loan Balance Transfer Documents Required for ICICI Bank
KYC Documents:
- PAN Card
- Adhaar Card
- Residence Proof
Income Documents:
- Salary slip and Form 16 for salaried
- Last 3 years income tax returns with financials for salaried, self-employed and professionals
- Last 6 months bank statements
Other Documents:
- Latest principal outstanding letter
- List of documents from existing financier
- Repayment track record
Pre-approved Home Loan Balance Transfer Documents Required
- Passport size photo
- Last 6 months’ bank statements
- Last 3 months’ salary slip or Income Tax returns
- Property Documents
Apply for Home Loan at Attractive Interest Rates Click Here