Personal ›Products ›Loans ›Home Loan ›Interest Rate

 

Get Your Dream Home

₹5,00,000
₹3,00,00,000

  • Total Loan

    ₹

  • Tenure (In Months)

  • Interest Rate (p.a)

  • EMI (Monthly)

    ₹
AVAIL NOW

*T&C apply. The values shown are for representation purposes only. Actual values may differ.

Home Loan Interest Rate*

Avail Home Loan Now        Missed call number 9022499400

 

Below Pricing is linked to Repo Rate (RR). Repo Rate as on April 7, 2021 is 4.00%.

Standard Pricing

Salaried Borrower

 

SlabFloating Interest rates
Up to ₹35 lacs RR + 2.70% (6.70%) - RR + 3.15% (7.15%)
₹35 lacs to ₹75 lacs RR + 2.70% (6.70%) - RR + 3.30% (7.30%)
Above ₹75 lacs RR + 2.70% (6.70%) - RR + 3.40% (7.40%)

 

Self - Employed

 

SlabFloating Interest rates
Up to ₹35 lacs RR + 2.80% (6.80%) - RR + 3.30% (7.30%)
₹35 lacs to ₹75 lacs RR + 2.80% (6.80%) - RR + 3.45% (7.45%)
Above ₹75 lacs RR + 2.80% (6.80%) - RR + 3.55% (7.55%)

 

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

 

SegmentFloating Interest Rates
Salaried (Any Loan Amount) RR+2.70% (6.70%) – RR+3.40% (7.40%)
Self Employed (Any Loan Amount) RR+2.80% (6.80%) – RR+3.55% (7.55%)

 

NOTE:
Processing fee of 0.50% of loan amount plus applicable taxes.
Valid till Sep 30, 2021

 

Frequently Asked Questions (FAQs) for Home Loan Interest Rate

Expand AllClose All

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.

Recommended Blogs on Home Loan

blog-img

What are the additional charges to consider, other than builder quoted price – under construction property?

When buying a home, most people focus on the price of the house and what interest rate they can get on their Mortgage Loan. While knowing these costs is very important, they aren’t the only expenses you’ll encounter on your journey toward homeownership.
KNOW MORE
blog-img

Repayment Options for a Home Loan

The amount borrowed for a Home Loan is generally on the higher side, as compared to any other type of loan. Still, owning a house is a dream for many, which is why Home Loans own considerable popularity in the debt market. Today, there is no dearth of Home Loan providers. The lenders often entice customers with their attractive interest rates and exclusive Home Loan offers. While availing a Home Loan is no longer a difficult task, repayment of such a huge amount could sometimes become a burden. Therefore, it is important to explore all the best possible repayment options while applying for a Home Loan.
KNOW MORE
blog-img

What is a Home Loan? Why should you opt for a Home Loan?

Buying a house is one of the biggest dreams come true for most people and is an extravagant affair altogether. Imparting life to such a dream requires a lot of effort from the buyers’ end and the best one can do to accommodate a home in their budget is through a Home Loan.
KNOW MORE
View all home loan blogs