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Home Improvement Loan – An Overview

 

Renovating your home can be expensive. With an ICICI Bank Home Improvement Loan, you can now upgrade your existing home.

Home Improvement Loan Calculator

  • EMI Calculator
    Check your monthly EMI
  • Check your Home Loan eligibility

  • Balance Transfer Calculator

    Calculate your monthly savings

  • AFFORDABILITY CALCULATOR

    Plan your finances for Home Loan

Calculate your monthly EMI

  • 10k
  • 10L
  • 20L
  • 30L
  • 40L
  • 50L
  • 60L
  • 70L
  • 80L
  • 90L
  • 1Cr
20K 25L 50L 75L 1Cr
  • 0
  • 10L
  • 20L
  • 30L
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  • 60L
  • 70L
  • 80L
  • 1Cr
0 50K 1L 5L 10L 25L
%
Months

*For representation purpose only. Final values may vary subject to bank’s policy

*For representation purpose only. Final values may vary subject to bank’s policy

  • 5L
  • 50L
  • 1CR
  • 1.5CR
  • 2CR
  • 2.5CR
  • 3Cr
%
  • 1
  • 21
  • 12
  • 360
%
  • 1%
  • 21%
  • 12
  • 360
Your Existing Home Loan
ICICI Bank Home Loan

30,000

20,000

Monthly EMI

You Save ₹10,201/month

30,000

20,000

Total Amount Paid
24,48,240
  • 0
  • 10L
  • 20L
  • 30L
  • 40L
  • 50L
  • 60L
  • 70L
  • 80L
  • 90L
  • 1Cr
  • 10k
  • 10L
  • 20L
  • 30L
  • 40L
  • 50L
  • 60L
  • 70L
  • 80L
  • 90L
  • 1Cr
  • 0
  • 10L
  • 20L
  • 30L
  • 40L
  • 50L
  • 60L
  • 70L
  • 80L
  • 90L
  • 1Cr
%
  • 0%
  • 15%
  • 1
  • 30

65,43,590

50,43,590

60,000

40,000

Home Improvement Loan Eligibility Criteria:

Parameters Norms

Residential status

For both Resident and Non-Resident Indians

Eligible profiles

For a self-employed person - Age should be between 21 and 70 years

For a salaried professional – Age should be between 20 and 70 years

Maximum loan tenure

Up to 15 years

Property type

Only completed residential properties

Loan-To-Value (LTV) ratio (Standalone Home Improvement Loan)

25% of the market value of the property without improvement
70% of the cost of improvement
*Regulatory LTV ratio will apply for Home Loan + Home Improvement Loan

Maximum loan amount

Up to ₹ 1 crore

Completion period

12 months from the date of disbursement