ICICI Bank Pre-Approved Home Loan (Instant Home Loan)

ICICI Pre-Approved Home Loan Highlights
Interest Rates	8.75% p.a. onwards
Loan Amount	Up to Rs 5 crore
Repayment Tenure	Up to 30 years
Processing Fee	Up to 2% of loan amount + applicable taxes

Note: Interest rates as on 4 April 2025.

ICICI Bank Pre-approved Home Loan Interest Rates

The ICICI bank offers home loan interest rates of 8.75% p.a. onwards for its customers availing pre-approved home loans. The interest rates may also vary based on different parameters such as the bureau score, customer’s profile, segments, etc. Here are the interest rates offered by ICICI Bank for regular home loans:

Festive Offer Pricing

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

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%

ICICI Bank Pre-approved Home Loan Fees and Charges

The fees and charges for availing Pre-Approved Home Loans/Instant Home Loans from ICICI Bank are as follows:

Processing Charges

Processing charges

Up to 2% of loan amount

Prepayment Charges

Prepayment charges

NIL (under floating rate of interest)

Other fees and charges

CIBIL Report charges	Rs 50
Administrative charges	Rs. 5000 + taxes or 0.25% + taxes (whichever is lower)
Conversion charges	Floating to floating: 0.5 % of the Outstanding + applicable taxes
	Dual fixed rate to floating: 0.5 % of the outstanding + applicable taxes
	Floating to dual fixed rate:0.5 % of the outstanding + applicable taxes
	Lifetime fixed to floating: 1.75 % of the outstanding + applicable taxes
Repayment mode swap charges	Rs 500
Documents retrieval charges	Rs 500
Cheque / AD / ECS / Bounce Charges	Rs 500
Duplicate No Objection Certificate / No Due Certificate	Rs 100
Revalidation of No Objection Certificate	Rs 100
Late payment charges	2% per month

ICICI Bank Pre-approved Home Loan Eligibility Criteria

The borrower should be a select/premium salary account holder of ICICI Bank to be eligible for availing pre-approved home loans/instant home loans from the lender.

Also Check: Home Loan Eligibility Criteria

ICICI Bank Pre-approved Home Loan Documents Required

The documents required for availing Pre-Approved Home Loans/Instant Home Loans from ICICI Bank are as follows:

For purchase of builder property:

• Sale agreement
• No Objection Certificate from the builder
• Letter from the builder with construction progress status
• Original Own Contribution receipt & bank clearance
• Registered Sale Deed
• Completion/Occupancy Certificate
• Demand letter from the builder

For resale of property:

• Prior Sale Deeds/Stamped and Registered Allotment letter in case of ‘Direct from DA Cases’
• Original Registered agreement to the sale and Sale deed
• No Objection Certificate from the builder/society, as applicable
• Copy of Society registration certificate
• Original Own Contribution receipt & bank clearance
• Copy of Sales deed/Lease deed/Development agreement
• Copy of 7/12, 6 D, 8 A extract, as applicable
• Title search report
• Completion/Occupancy certificate
• Copy of approved lay out plans

For self-construction

• Original Registered Sale Deed/Lease Deed/Partition Deed/Gift Deed
• Original receipts for the payment made for the plot, if available
• 7/12 extract/Property card
• Original Prior Sales deed
• Non Agricultural permission
• Title search report
• Approved building plans
• Tax receipt

FAQs On ICICI Pre-Approved Home Loan

1. How much time it takes to get pre-approved home loan in ICICI Bank?
Ans. Customers eligible for availing the ICICI Bank Pre-Approved Home Loans can avail this loan facility through the lender’s net/mobile banking portal in a few clicks. Once you select the ICICI Bank pre-approved home loan offer and pay the processing fees, you can download the sanction letter to avail the pre-approved offer. You can also visit and the lender’s website and login via the portal to avail pre-approved home loans with faster loan sanction/disbursal.

2. What is the process undertaken by ICICI Bank for sanctioning your Pre-Approved Home Loan?
Ans. ICICI Bank generates the pre-approved home loan offer for its select existing customers based on their income or existing relationship with the lender. After the offer is generated, the customer has to pay a discounted processing fee, post which he can download the sanction letter. The sanction letter is valid for 6 months, within which the customer has to select the property. Post property identification, the customer has to provide the necessary documents for loan disbursal. The lender will disburse the loan amount after conducting the legal/technical checks of the documents provided by the customer.

3. Should you identify the property before generating the sanction letter for your ICICI Bank pre-approved home loan?
Ans. No. You can identify the property within 6 months of generating the sanction letter for availing your pre-approved home loan from ICICI Bank.

4. Can I apply for higher loan amount than the amount offered by ICICI Bank for its pre-approved home loan?
Ans. You can avail a higher loan amount for your ICICI Bank Pre-Approved Home Loan by adding your earning family members as co-applicants, subject to the lender’s approval.