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Rate and Fee:
All ICICI Bank floating rate home loan is benchmarked to I-Base.
One year fixed rate
| Ticket size slab
|
Fixed rate for the first 12 months
|
Floating rate pricing from second year onwards( from 13th month)*
|
HL<=  2.5 million |
10.50 % |
I-Base + 0.50 % (10.50%) |
HL> 2.5 million
and
<= 7.5 million |
11.00 % |
I-Base + 1.00 % (11.00%) |
| HL > 7.5 million |
11.50 % |
I-Base + 1.50% (11.50%) |
Two year fixed rate
| Ticket size slab |
Fixed rate for the first 24 months |
Floating rate pricing from second year onwards( from 25th month)* |
| HL<= 2.5 million |
10.75% |
I-Base + 0.50 %(10.50%) |
HL> 2.5 million
and
<= 7.5 million |
11.25% |
I-Base + 1.00%(11.00%) |
| HL > 7.5 million |
11.75% |
I-Base + 1.50%(11.50%) |
Three year fixed rate
| Category |
Fixed rate for the first 36 months |
Floating rate pricing from second year onwards( from 37 th month)* |
| HL<= 2.5 million |
10.75% |
I-Base + 0.50 %(10.50%) |
HL> 2.5 million
and
<= 7.5 million |
11.25% |
I-Base + 1.00%(11.00%) |
| HL > 7.5 million |
11.75% |
I-Base + 1.50%(11.50%) |
ICICI Bank floating rate:
| Ticket Size slab |
Rate |
Effective rate
of interest |
| HL<= 2.5 million |
I-Base + 0.50% |
10.50 % |
HL> 2.5 million
and
<= 7.5 million |
I-Base + 1.00% |
11.00 % |
| HL > 7.5 million |
I-Base + 1.50% |
11.50 % |
ICICI Bank has announced a shift in the existing benchmark rate from Floating Reference Rate (FRR)/ I-BAR to ICICI Base Rate (I-Base). The same will be effective for all it's mortgage products from July 1, 2010.
*The current ICICI Bank Base Rate (I-Base) is at 10.00%. This is the minimum rate that ICICI Bank will charge to its new customers.
Loan Processing Charges will be 0.50% of the loan amount + applicable Service Tax & Surcharge.
To know more on I-Base, please get in touch with our call center or refer to our FAQs |
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