Home Loan Banks: ICICI Bank

The added advantages of applying for a home loan from ICICI Bank are minimal documentation, quick loan procedure, expert advice related to the various queries of the customers, minimal processing fees and nil prepayment charges.

ICICI Bank Home Loan Interest Rate in Bangalore

Base Interest Rate 8.75% 9.85%
Maximum Tenure 30 years
Processing Fee Up to 0.50% to 2% of the loan amount (plus applicable taxes), based on loan amount scheme.
Prepayment and Foreclosure
Charges Allowed and no charges for floating rate loans
Age Limit Min 18 years and Max 65 years

ICICI Bank Home Loan Checklist in Bangalore

KYC Documents
  • Age Proof – Pan card
  • Residential address proof – Aadhar/ Passport
  • One passport size photograph

For Self-employed – for both applicant and co-applicant

  • Aadhaar Card, Passport, Voter ID or any other government issued ID for identity proof
  • Utility bills, Passport, Aadhaar Card or Voter ID for address proof
  • Audited financial statements of last 2 years including Balance Sheets and Profit & Loss Statements. ITR documents will also be required
  • GST registration, trade license, partnership deed, Articles of Association, SEBI registration certificate and ROC registration certificate
  • Bank statements of last 6 months
  • Recent passport size photographs
  • Duly filled and signed loan application form
Income Documents and Bank Statement

For Salaried – for both applicant and co-applicant

  • Aadhaar Card, Passport, Voter ID or any other government issued ID for identity proof
  • Utility bills, Passport, Aadhaar Card or Voter ID for address proof
  • Form 16, Salary slips of last 3 months and Bank statements of last 6 months
  • Sale deed, Title deed, approved building plan and other occupancy documents
  • Recent passport size photographs
  • Duly filled and signed loan application form
Additional documents required in case of Balance Transfer of Home Loan
  • Existing Loan repayment track record (RTR)
  • In case of Balance Transfer – Sanction letter
  • LOD (List Of Document) from existing bank
Property documents
  • Sale Deed
  • Mother Deed
  • EC (past 15 years)
  • Khata and Khata Extract
  • Latest tax paid receipt

Request A Call Back

    Apply ICICI Bank Home Loan




      Home Loan - EMI Calculator

      Why choose ICICI Bank Housing Loan

      Secure the perfect Loan amount and embark on your homeownership journey with confidence. Trust ICICI Bank for a seamless and customer-friendly Home Loan experience. ICICI Bank offers flexible tenure options, ensuring convenient repayment.

      Benefits of taking ICICI bank housing loan

      When you opt for a Home Loan, you can enjoy the following benefits:

      • Taxation: A Home Loan allows you to claim income tax deductions on the interest and principal amount due. Under the Income Tax Act, 1961, as per Section 80C, you can claim up to INR 1.5 lakh on principal repayments, and up to INR 2 lakh on interest repayments under Section 24B. You can avail of other tax benefits via a Home Loan, as well.
      • Interest Rate: When compared to the various kinds of loans available, the interest rate on a Home Loan is relatively lower. Plus, in case of a cash crunch, you can also apply for a Top-Up Loan in addition to the existing Home Loan.
      • Due Diligence: When you apply for a Home Loan, banks check the property from a legal standpoint and ensure that the documents are valid and the title is clear. This step can prevent you from being scammed and passing this due diligence can validate your property. 
      • Long repayment tenure: Unlike any other loans, Home Loans come with longer repayment tenure, as much as 25-30 years. This, owing to the significant loan amount one will have to borrow to purchase a house. 

      Different types of loan provided by ICICI bank

      Regular Home Loan
      As The Name Suggests, These Loans Are Meant For Purchase Of A House. These Include Loans For:

      • Purchase Of A New Apartment, Row House Or Bungalow From A Developer Or A Development Authority.
      • Purchase Of Resale Properties.
      • Construction Of A House On A Plot Of Land.

      Home Improvement Loan
      ICICI Home Improvement Loans offer an unending series of home decor solutions for the home you already have. Redesign your home with our design partners who will spruce up your place and even recommend ways to do it better. What’s more you can get online 3-dimensional consultation, fair and transparent pricing, long-term warranty, after-sales services and a wide range of home accessories right here at ICICI Bank. These loans also came with flexible repayment tenures at interest rates that are pocket friendly.

      Set Up Home Loan
      ICICI Bank Step Up Home Loans are exclusively tailored for the young salaried Indian. With this loan you can avail of a higher loan amount than you could in relation to your loan eligibility for regular Home Loans. Furthermore in the initial years you only have to pay moderate EMI amounts to help ease the financial strain.

      Land Loan
      If you’re just looking to buy some land as a future investment you can get a Land Loan from us at the same interest as our regular Home Loans. The loan amount and eligibility criteria will change.

      30-year Home Loan
      30-Year Home Loans offer you the option of extending your loan tenure to the maximum. Applying for an extended tenure will also improve your Home Loan eligibility and let you avail of higher loan amounts at lower EMIs.

      ICICI bank – Top up loans

      These loans are offered to customers who already have an existing Home Loan with ICICI Bank and need some additional funds for home renovation or extension. Every property project in India be it buying or renovating has the possibility of overshooting the initial budget. Falling short will not stop you when you partner up with us. These loans are also available at competitive interest rates and can be availed without additional documentation.

      ICICI bank balance transfer of existing loan at lower interest rate

      ICICI Bank offers Balance Transfer Loans at attractive interest rates to lower your loan repayments. Move your Home Loan outstanding balances to ICICI Bank, pay lower monthly instalments and enjoy the savings for the other things in life that really matter to you and your family.

      Balance Transfer Benefits

      • Duly filled application form.
      • Home loan approval in 4 simple steps.
      • Customized Repayment Options
      • Tailor-made home loans to suit your requirements.
      • Easy documentation
      • Apply with minimal documents, save time and effort.
      • 24×7 assistance
      • Connect with us on Chat, WhatsApp anytime, anywhere
      • Online loan account
      • Login to your account to conveniently manage your loan

      ICICI bank – NRI Home Loans

      Your work might have taken you abroad but the yearning for the homeland remains unabated. With ICICI Bank Home Loans turning your dream home in India, into a reality, is convenient and easy.

      • Loans to NRIs, PIOs and OCIs* for the purchase of a flat, row house, bungalow from private developers in approved projects in India
      • Loans for the purchase of properties from Development Authorities such as DDA, MHADA etc.
      • Loans for construction on a freehold / lease hold plot or on a plot allotted by a Development Authority in India
      • Loans for purchase of properties in an existing Co-operative Housing Society or Apartment Owners’ Association or Development Authorities settlements or privately built up homes
      • Attractive interest rates
      • Avail of Home Loan Advisory Services in the country where you currently reside
      • Property Search Advisory Services – expert legal and technical counselling to help you make the right home buying decision
      • Valuable insights on developer projects, location, documentation and offerings
      • Loan for purchase of property located anywhere in India**
      • Loans also available for those employed in the Merchant Navy

      ICICI bank housing loan FAQ’s