Current Repo Rate 6.50%
Special Home Loan Rates
At ICICI Bank, Special Home Loan Interest Rates are tailored to your credit score. These rates significantly determine the interest applicable to your Home Loan, ensuring fair and personalised lending.
Credit Score | Salaried | Self - Employed |
---|---|---|
800 |
9.00% | 9.00% |
750 - 800 | 9.00% | 9.10% |
Valid till 30th Nov, 2024
The above rates are linked to repo-rate.
Current Home Loan Interest Rates
Standard Home Loan Interest Rates
ICICI Bank's Standard Home Loan Interest Rates ensure you receive competitive interest on housing loans based on your borrowing needs. These slabs make home financing accessible and affordable, reflecting our commitment to serving diverse customer segments.
Loan Slab |
Salaried |
Self-Employed |
---|---|---|
Up to ₹ 35 lakhs |
9.25% - 9.65% |
9.40% - 9.80% |
₹ 35 lakhs to ₹ 75 lakhs |
9.50% - 9.80% |
9.65% - 9.95% |
Above ₹ 75 lakhs |
9.60% - 9.90% |
9.75% -10.05% |
- Above mentioned home loan interest rates will vary basis various parameters such as the Bureau Score, Profile, Segments, etc.
- The above rates are linked to repo-rate.
- The processing fee is 0.50% of the loan amount, plus applicable taxes
- Valid till 30th Nov, 2024
Fixed Home Loan Interest Rates
Opt for stability with ICICI Bank's Fixed Home Loan Interest Rate option. Lock in your current home loan interest rate for a specific tenure and pay a fixed EMI throughout the loan tenure. Ideal for those who prefer predictability in their Home Loan payments.
Fixed Tenure |
Rate of Interest |
|
---|---|---|
24 Months Fixed |
9.10%-9.15% |
|
37 Months Fixed |
8.90%-9.15% |
|
60 Months Fixed |
||
120 Months Fixed |
11.00%-12.05% |
|
Full Term Fixed |
11.15%-11.45% |
- Above mentioned home loan interest rates will vary basis various parameters such as the Bureau Score, Loan Slab, Profile, Segments, etc.
- Valid till 30th Nov, 2024
Loan against Property (LAP)/NRP/LRD Interest Rates
Loan Slab |
Salaried/ Self-Employed( PSL) |
Self-Employed (Non PSL) |
---|---|---|
Up to ₹ 50 lakhs |
11.35% - 12.00% |
11.85% - 12.50% |
₹ 50 lakhs to ₹ 100 lakhs |
11.10%-11.75% |
11.60% - 12.25% |
Above ₹ 100 lakhs |
10.85% - 11.50% |
11.35% - 12.00% |
- Above mentioned home loan interest rates will vary basis various parameters such as the Bureau Score, Profile, Segments, etc.
- The above rates are linked to repo-rate.
- Valid till 30th Nov, 2024
FAQs on Home Loan Interest Rate
What is Home Loan interest rate?
Home Loan interest rate is the percentage a lender charges on the principal amount you borrow for purchasing or refinancing a home. It determines the cost of borrowing and influences your EMI.
How do you reduce the Home Loan interest rate?
The Home Loan interest rate can be reduced by doing a Balance Transfer to the new lender offering a lower rate of interest as compared to the existing lender. One can also approach an existing financier to lower the rate of interest.
How can I know my EMI amount for a particular Interest Rate?
Any applicant can find out what their EMI amount would be, using ICICI Bank’s Loan EMI Calculator. By entering the Loan Amount, Tenure and Interest Rate, you can get the EMI amount and the Interest payable on your Loan, instantly.