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ICICI Bank Home Loan

Private Bank

ICICI Bank is the second-largest private-sector home loan lender in India. Its main strengths are digital-first approval via iMobile and a deep pre-approved project list. Rates start higher than PSU banks but the processing experience is faster and more predictable.

7.45%

Starting rate

9.30%

Max rate

0.50% of loan + GST

Processing fee

30 yrs

Max tenure

Rates as of 2026-04-16. RBI repo rate 5.25%. Best available new-customer rate across all tracked lenders: 7.15%.

Already have a ICICI Bank home loan?

If your current ICICI Bank rate is above 7.45%, you are paying more than what ICICI Bank is offering new customers today. The gap could be anywhere from 50 to 215 basis points depending on when you took the loan and which benchmark it is on.

Check my overpayment Rate reset letter for ICICI Bank

Products offered

ICICI Home Loan
ICICI Home Overdraft
ICICI Balance Transfer
ICICI Plot Loan
ICICI Home Improvement Loan
ICICI Top-Up

Best for: Salaried borrowers who want instant in-principle approval online and value a pre-approved project network across major Indian cities.

Strengths and weaknesses

+ Instant in-principle approval for existing ICICI customers via iMobile.

+ Strong pre-approved projects list, especially in western and southern India.

+ ICICI Home Overdraft product is competitive with SBI Maxgain.

- Processing fee of 0.50% plus GST on top. On a ₹75 lakh loan, that is ₹44,250.

- Rate spread tends to be wider than SBI and Bank of Baroda for equivalent profiles.

Rate reset at ICICI Bank

ICICI processes rate resets through the branch and through iMobile for select profiles. Turnaround is 10 to 21 working days.

Get the rate reset letter template

Balance transfer friction

Medium friction

Leaving ICICI Bank involves some retention friction. Expect a call from a retention officer. Getting a competing sanction letter before you ask for the foreclosure letter speeds the process up.

Read the foreclosure charges guide

ICICI Bank home loan at a glance

Lender type	Private Bank
Headquarters	Mumbai
Regulator	RBI
Floating rate range	7.45% to 9.30% (EBLR-linked)
Processing fee	0.50% of loan + GST
Max tenure	30 years
Max loan amount	₹5 Cr+
Prepayment charge	Nil on floating rate
Balance transfer friction	medium
Official website	www.icicibank.com

Data as of 2026-04-16. Rates are for salaried borrowers with CIBIL 750+. Verify with ICICI Bank for profile-specific quotes.

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