Loan Details
Bank Name
ICICI Bank
Maximum Loan Tenure
Up to 30 years
Maximum Loan Amount
No cap
Interest Rate
9.25-10.05% per annum.
Type
Floating
Down Payment
Not specified by the bank.
Fees and Charges
Processing fees- 0.50% - 2% of the loan amount or ₹ 3000/- whichever is higher.
Pre-payment charges: For floating rate home loan: No pre-payment charges.
Late payment charges: 5% per annum on the overdue sum from the due date to the actual payment date
Legal charges: At actuals.
Stamp Duty and registration charges: At actuals.
Minimum CIBIL Score
Not specified by the bank
Down Payment and Fees
Standard Home Loan
Special Features
None
Eligibility Criteria
Minimum salary: Rs 25,000
Minimum age: 21 years
Maximum age: 70 years
Indian resident
Special Concession
No
Home Saver Option
No
Features, Eligibility and Concession
Pros
No cap on maximum loan amount.
Low interest rates.
Flexible tenure.
Cons
Higher Interest rate compared to the Special home loan offered by the same bank.
Low engagement of the bank in rural areas.
Pros & Cons
Application Procedure
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