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Tenure (In Months)
Interest Rate (p.a)
EMI (Monthly)
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*T&C apply. The values shown are for representation purposes only. Actual values may differ.

Home Loan Interest Rate*

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Below Pricing is linked to Repo Rate (RR). Repo Rate as on May 4, 2022 is 4.40%.

Standard Pricing

Salaried Borrower

Slab	Floating Interest rates
Up to ₹35 lacs	RR + 2.75% (7.1%) - RR + 3.15% (7.55%)
₹35 lacs to ₹75 lacs	RR + 3.00% (7.1%) - RR + 3.30% (7.7%)
Above ₹75 lacs	RR + 3.10% (7.1%) - RR + 3.40% (7.8%)

Self - Employed

Slab	Floating Interest rates
Up to ₹35 lacs	RR + 2.90% (7.2%) - RR + 3.30% (7.7%)
₹35 lacs to ₹75 lacs	RR + 3.15% (7.2%) - RR + 3.45% (7.85%)
Above ₹75 lacs	RR + 3.25% (7.2%) - RR + 3.55% (7.95%)

Above mentioned interest rates will vary basis various parameters such as the Bureau Score, Profile, Segments, etc.

Pricing of Home Loan Balance Transfer with repayment from ICICI Bank Account

Segment	Floating Interest Rates
Salaried (Any Loan Amount)	RR+2.75% (7.1%) – RR+3.40% (7.8%)
Self Employed (Any Loan Amount)	RR+2.90% (7.2%) – RR+3.55% (7.95%)

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NOTE:
Processing fee of 0.50% of loan amount plus applicable taxes.
Valid till May 31, 2021

Frequently Asked Questions (FAQs) for Home Loan Interest Rate

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What is the current interest rate on Home Loans?

Please click here to know about the current interest rate on Home Loans.

Which rate of interest is considered to be the better option?

The rate of interest offered by the banks, which is linked with the external benchmark rate, is considered to be better as it offers faster transmission of rate changes.

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 is the Home Loan EMI calculated?

The Home Loan EMI is calculated basis the loan amount required, the loan tenure and the rate of interest applicable.

What is the rate of interest and processing fee on Home Loans?

Please click here to know more about the rate of interest on Home Loan and click here to know about the fees and service charges applicable for ICICI Bank Home Loan.

What is a Floating rate Home Loan?

A Floating rate Home Loan is where the rate of interest is linked to the benchmark rate and the rate of interest changes with the change in the benchmark rate.

What is a Fixed rate Home Loan?

A Fixed rate Home Loan is where the rate of interest is fixed for a specific tenure and the rate of interest does not change with the benchmark rate movements.

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