| Home Loans
Features and Benefits
Step Up Loan Offer
ICICI Bank provides a large variety of loan to meet your needs.
Attractive Intereest Rate
Repo rate linked interest rates.
Database of Approved Projects
Explore 50K + Vast database of ICICI Bank approved projects.
Digital Sanction
Online sanction in 5 simple steps.
Eligible borrowers can avail Home Loan with an attractive interest rate on both floating and fixed rate Housing Loan interest rate, lower Equated Monthly Instalments (EMIs) and no pre-payment charges on floating Home Loan interest rates. Extended loan tenures up to 30 years with easy repayment options.
- Quick call back
- Doorstep service
- Convenient process
- Home Loan approved projects: Explore a vast database of 50K+ ICICI Bank approved projects by leading developers across 44 locations in India.
Getting a Home Loan from ICICI Bank is easy and quick. We know you may need a Home Loan for the purpose of buying or constructing a new home, and in some cases, to renovate the house you currently live in. Whatever the reason, we keep the paperwork and other formalities to a minimum so that you are not stressed out. Home Loan documentation is simple. The list of documents required for a Housing Loan are the proof of your identity, address and income.
Here is a way eligible ICICI Bank customers can get a top-up loan on their Home Loan, without any documentation. The pre-approved top-up loan offered in the form of “24 hours Top-up Loan” is an ultimate financing option to cover big-ticket expenses, such as marriage costs, child’s education, travel costs, home renovation, medical emergencies and more.
Therefore, now there is no need to compromise on your dreams anymore. Avail an instant sanction on a top-up loan of up to ₹1 crore, over and above your present loan from ICICI Bank.
Features and Benefits
Get an extended tenure and increase your Home Loan eligibility
An overdraft-based Home Loan can maximize savings on your Home Loan interest
Transfer your Home Loan to ICICI Bank with lower ROI and reduced Home Loan EMIs
Meet personal and business requirements with a Home Loan top-up
Salaried professionals from select companies can avail higher eligibility on Home Loan
Renovate your home with ICICI Bank Home Improvement Loan
Acquire land and build your dream home with a Land Loan
A multipurpose long tenure facility which gives you quick access to funds to manage your planned and unplanned expenses
To apply for an ICICI Bank Home Loan, you need to submit documents such as proof of identity, proof of address, loan application form that has been duly filled and your financial documents.
We determine your eligibility after considering various factors, including your monthly income, your monthly financial obligations, your current age and your retirement age, among other things. You can check your Home Loan eligibility through our Home Loan eligibility calculator.
The EMI is calculated based on specific factors like the amount of the loan, its tenure and the Home Loan interest rate.
A floating rate of interest is linked to a benchmark rate. As per guidelines of RBI, floating rate Home Loans from banks are linked to external benchmark rates. ICICI Bank’s floating rate of interest is linked to Repo Rate declared by RBI from time to time. So, rate of interest of your Housing Loan changes in line with the Repo Rate. As a result, the EMI or the tenure of your loan will increase or decrease, depending on the change in the rate of interest.
A fixed rate of interest on a Home Loan means that the rate of interest does not change throughout the tenure of the loan. So, the EMI will also remain fixed.
Yes, you can claim the amount paid towards the repayment of the principal and the interest components as deductions in your income tax return. The limits on the amount deductible are governed by the applicable income tax laws.
