ICICI Bank Home loans come at affordable interest rates, instant processing and easy repayment options and are well suited to meet your budget and various needs. The competitive interest rates, low processing fees, easy EMI repayment and online loan application make ICICI Bank home loans one of the most preferred home loans in the market. 

The bank offers various home loan options to suit the budget and requirements of different borrowers. Be it purchasing or constructing a house, renovating or redecorating your existing home, ICICI Bank has multiple home loan options to suit different needs. 

Features and Benefits of ICICI Bank Home Loans

  • Loan repayment tenure of up to 30 years
  • Loan amount up to Rs. 3 crores
  • Higher loan amount at lower EMIs
  • EMIs can be as low as Rs. 649/lakh
  • Attractive interest rates 
  • Enhanced eligibility up to 20%
  • Special rates available for women borrowers
  • No foreclosure charges for prepaying loans
  • Credit Linked Subsidy benefit can be availed under PMAY up to Rs. 2.67 lakhs at effective rate of 4.62%
  • Balance Transfer with Top up facility
  • Track My Loan feature which is an online loan application tracking platform that tracks your Home Loan status from application till sanction stage

Types of ICICI Home Loans

  • Standard Home Loan 
  • Interest at 6.75% subject to RBI repo rate
  • Special Processing Fee
  • Avail instant online home loan sanction

Express Home Loan 

  • Available to salaried individuals
  • Interest at 6.75% subject to RBI repo rate
  • Tenure up to 30 years
  • Can apply online and no need of visiting the branch
  • Eligibility verification is fully online
  • Quick processing time
  • Interest at 6.75% subject to RBI repo rate

Extraa Home Loan 

  • Available for salaried and self-employed individuals
  • Repayment up to 67 years of age
  • The loan amount can be increased by up to 20%
  • Loan available up to Rs. 2 crores

NRI Home Loan 

  • Borrower age between 21-65 years
  • Salaried – Minimum one-year employment overseas
  • Self-employed – Minimum 3 years in current business overseas
  • Rate of interest at 6.80% subject to RBI repo rate
  • Loan repayment tenure of up to 30 years
  • Digital sanction
  • Doorstep service in India till the final disbursement
  • Option to choose from approved projects
  • Floating or Fixed Interest Rate 

Land Loan 

  • Borrower age between 25-65 years
  • Loan amount – Rs. 8 lakhs – Rs. 3 crores
  • Available for salaried and self-employed individuals
  • Loan tenure up to 20 years
  • Interest rates similar to home loan
  • Construction loans on land/property can be availed

Key Takeaways

Before you secure an ICICI Home Loan, make sure to read the terms and conditions carefully. Various types of ICICI Home Loans are available to suit borrower varying needs, so understand the available loans and choose the best ones the fit your needs.