Bank Interest Rate [better] - Home Loan Icici

₹50 Lakh Rate: 8.50% p.a. Tenure: 20 years

Use ICICI’s online “Home Loan EMI Calculator” to check exact outflows. Apply during festive offers (usually August–December) to get processing fee fully waived.

: A score of 750+ is preferred for the best terms. home loan icici bank interest rate

| Fee Type | Amount | | :--- | :--- | | Processing Fee | Up to 1% of loan amount + GST (often waived for women/NHB scheme) | | Legal & Technical Charges | As actual (₹3,000 – ₹10,000 + GST) | | Late Payment Penalty | 2% per month on overdue EMI | | CERSAI Charges | ₹100 + GST (for loan above ₹5 lakh) | | NOC / Foreclosure Charges | Nil for floating rate (individuals); 2-4% for fixed rate / commercial |

Note: Rates are floating and linked to the RBI’s repo rate (currently 6.50%). Any change in repo rate will directly impact your EMI. ₹50 Lakh Rate: 8

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Note: Special schemes like the for women and salaried employees may offer specific rates starting around 8.80% p.a. . Interest Rates by Loan Amount & Employment : A score of 750+ is preferred for the best terms

The final interest rate you receive depends on several factors, including your employment type, loan amount, and credit score.

| Parameter | Requirement | | :--- | :--- | | Age | 21 – 60 years | | Employment | Minimum 2 years total, 1 year with current employer | | CIBIL Score | 750 or higher (best rates) | | FOIR | Fixed Obligations to Income Ratio ≤ 50-55% |

| Loan Type | Interest Rate (p.a.) | EMI per ₹1 Lakh (20-year tenure) | | :--- | :--- | :--- | | | 8.50% – 9.35% | ~₹868 – ₹925 | | Self-Employed | 8.60% – 9.50% | ~₹875 – ₹932 | | Women Borrowers | 8.50% – 9.25% | ~₹868 – ₹918 | | ICICI Bank Privilege/Salary Account Holders | 8.45% – 9.20% | ~₹865 – ₹915 |

: 0.25% of the facility amount or ₹5,000, whichever is lower.