Home Loan Interest Rates for Resident Indians

FLIP can be availed by Resident Indian whether Salaried or Self-Employed and also by Non- Resident Indian who is Salaried.

Part Fixed, Part Floating

A product that offers the dual benefit of fixed rate loans as well as floating rate loans. With this product, a customer can book part of his loan under a fixed rate plan and the other part under a floating rate plan. Thus, he can minimize the impact of any adverse changes in the interest rate regimes and at the same time, avail of any benefits that may come by way of favorable changes.

Part Fixed, Part Floating can be availed by Resident Indian whether Salaried or Self-Employed and also by Non- Resident Indian who is Salaried.

SmartFix Home Loans

3 years fixed and floating rate thereafter. A product that offers the safety of fixed rates plus the advantages of floating rates. The Smart Fix enables the customer to lock at fixed rate of interest today with the contract to move to a floating rate on a subsequent date. For the first 3 years you get a fixed interest rate. From the fourth year, your loan gets switched to the prevailing floating interest rate. Thus, a customer gets an opportunity to observe the interest rate movement over a period of time and expects to benefit in the bargain

Smart Fix can be availed by Resident Indian whether Salaried or Self-Employed.

The interest rate on ICICI Bank Home Loans is linked to the ICICI Bank Floating Reference Rate (FRR)/PLR. As per earlier communication, FRR/PLR was increased by 0.75 % on June 30th 2008. Subsequent to this change, as per recent announcement, the FRR/PLR has been further increased by 0.75% effective from July 31st 2008. The FRR has gone up from 13.50% to 14.25% & PLR has gone up from 15.50% to 16.25%. For all the Adjustable Rate Home Loan customers, both the above changes will be effective from July 31st 2008.

To know the impact of change in FRR on your existing Home Loan Tenure, please use the Online Calculator.