ICICI Bank Home Loan Balance Transfer

ICICI Home Loan Balance Transfer 2023
Interest Rates	9% p.a. 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 4th October 2023

ICICI Bank Home Loan Balance Transfer Interest Rates

ICICI Bank has not set any separate home loan balance transfer interest rates. However, the interest rates for ICICI Bank regular home loans are mentioned below:

Festive Offer Pricing

CIBIL Score	Salaried	Self-employed
>=800	9.00%	9.00%
750-800	9.00%	9.10%

Also Read: How you can build or rebuild your credit score with  Step UP Credit Card Co-branded with SBM Bank India Ltd

Standard Pricing

Slab	Floating Interest Rates (p.a.)
	For Salaried	For Self-employed
Up to Rs. 35 lakh	9.25%-9.65%	9.40%-9.80%
Rs. 35 lakh to Rs. 75 lakh	9.50%-9.80%	9.65%-9.95%
Above Rs. 75 lakh	9.60%-9.90%	9.75%-10.05%

*The rate of interest can vary based on the income profile of the customer.

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 (GCC Home 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

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.

Home Loan Balance Transfer Documents Required for ICICI Bank

KYC Documents:

• PAN Card
• Aadhaar 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