ICICI Home Finance Loan offers flexible and customer-friendly home loan solutions for individuals planning to purchase, build, renovate, or finance residential property. Provided by ICICI Home Finance Company Limited (ICICI HFC), these loans are designed for both salaried professionals and self-employed individuals with varied financial needs. With competitive home loan interest rates, flexible repayment tenures up to 25 years, and loan amounts ranging from ₹3 lakhs to ₹5 crores, ICICI Home Finance aims to simplify home ownership. Borrowers can also avail loans for plot purchase, home renovation, or a loan against property, along with expert assistance from over 230+ branches across India.
ICICI Home Finance Loan Highlights
ICICI Home Finance provides several attractive features that make the home loan process convenient and accessible for borrowers.
| Feature | Details |
| Loan Amount | ₹3 Lakhs to ₹5 Crores (Home Loan); up to ₹10 Crores (Loan Against Property) |
| Maximum Tenure | Up to 25 Years |
| Processing Speed | Loan sanction possible within 72 hours (subject to verification) |
| Branch Network | 230+ branches across India |
| Special Offers | Preferential rates for women co-applicants and branch-specific offers |
| Repayment Options | EMI, Step-Up Repayment Facility (SURF), and flexible repayment options |
| Expert Support | In-house legal and technical experts for property verification |
ICICI Home Finance Loan Interest Rates
ICICI Home Finance offers competitive floating or fixed interest rates depending on the loan scheme and borrower profile. Most loans are linked to the ICICI Home Finance Prime Lending Rate (IHPLR).
| Loan Scheme | Interest Rate Type | Benchmark Linkage |
| Home Loan | Floating | Linked to IHPLR |
| Plot Loan | Floating | Linked to IHPLR |
| Home Renovation Loan | Floating | Linked to IHPLR |
| Loan Against Property | Fixed or Floating | Linked to IHPLR |
| Balance Transfer Loan | Competitive floating rates | Linked to IHPLR |
Note: Actual interest rates may vary depending on applicant profile, loan amount, credit score, and market conditions.
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| Factors Influencing ICICI Home Finance Loan Interest Rates
The final interest rate offered on an ICICI Home Finance loan depends on several financial and market-related factors.
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Also Read: Impact of Repo Rate Cut on Home Loan
ICICI Home Finance Loan Processing Fee & Charges
Borrowers should also consider the processing fees and other charges associated with ICICI Home Finance loans.
| Charge Type | Home / Plot / Renovation Loan | Loan Against Property |
| Login / Application Fee | ₹5,000 + 18% GST | ₹7,000 – ₹10,000 + 18% GST |
| Processing Fee | 0.50% – 0.75% or ₹11,000 (whichever is higher) | 1.00% – 1.50% or ₹11,000 (whichever is higher) |
| Foreclosure Charges | Nil | Nil |
| Legal & Technical Charges | Applicable as per property verification | Applicable |
Note: Login and processing fees are generally non-refundable.
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ICICI Home Finance Loan Eligibility
ICICI Home Finance offers flexible eligibility criteria to accommodate different types of borrowers.
- Nationality: Resident Indians and NRIs
- Age Limit:
- Residents: 23 – 60 years
- NRIs: 25 – 60 years
- Loan Against Property: 28 – 60/70 years
- Employment Type: Salaried employees, professionals, and self-employed individuals
- Eligible Employers: Private companies, public sector units, government organizations, LLPs, and MNCs
- Professionals Eligible: Doctors, chartered accountants, lawyers, traders, and small business owners
- Co-Applicant: Must be at least 18 years old (spouse or close family member)
Documents Required for ICICI Home Finance Loan
Applicants need to submit certain documents for identity verification, income assessment, and property evaluation.
KYC Documents
- PAN Card
- Aadhaar Card
- Passport / Voter ID / Driving License / NREGA Job Card
Income Proof (Salaried)
- Last 2 months salary slips
- Latest Form 16
- Bank statements for the last 3 months
Income Proof (Self-Employed)
- Last 2 years Income Tax Returns
- Profit & Loss statement and Balance Sheet
- Bank statements for the last 6 months
Property Documents
- Property title documents
- Sale agreement or allotment letter
- Approved building plan
Other Documents: Completed and signed loan application form
Also Read: All Bank Home Loan Interest Rates
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Types of ICICI Home Finance Loan
ICICI Home Finance offers a wide range of loan products designed to meet different residential and financial requirements. These loans help individuals purchase homes, buy residential plots, renovate existing properties, or unlock the value of owned property for personal or business needs. The loan schemes are suitable for salaried individuals, professionals, and self-employed borrowers, and they come with flexible repayment options and competitive interest rates.
Overview of ICICI Home Finance Loan Types
| Loan Type | Core Purpose |
| Home Loan | Purchase of under-construction, ready-for-possession, or resale properties |
| Apna Ghar | Affordable housing loans for various income groups under the PMAY benefits |
| Plot / Land Loan | Financing for the purchase of residential plots for future construction |
| Home Improvement Loan | Loans for renovation, repairs, and structural upgrades |
| Loan Against Property (LAP) | Multi-purpose loans using property as collateral |
| Balance Transfer | Transfer existing high-interest loans to ICICI Home Finance |
| Top-Up Loan | Additional loan on existing home loan for personal financial needs |
| Office Premise Loan | Loan for purchase or construction of commercial office space |
| Lease Rental Discounting | Loan against future rental income from commercial property |
Home Loan
The ICICI Home Finance Home Loan is designed for individuals planning to purchase a residential property. The loan can be used for ready-to-move houses, under-construction properties, or resale homes.
- Applicable for properties from private builders or housing authorities such as DDA and MHADA.
- Loan amounts range from ₹3 lakhs to ₹5 crores, depending on eligibility.
- Maximum repayment tenure available up to 25 years.
- Available for both salaried and self-employed applicants.
Apna Ghar
The Apna Ghar loan scheme focuses on affordable housing and aims to support individuals from various income groups who want to own a home.
- Works as an extension of the Pradhan Mantri Awas Yojana (PMAY) initiative.
- Flexible eligibility norms for borrowers with varied income levels.
- Helps first-time homebuyers achieve the dream of home ownership.
- Designed especially for individuals who may not have formal income documentation.
Plot / Land Loan
The Plot Loan helps borrowers purchase vacant residential land for future construction.
- Financing available for direct allotment or resale of residential plots.
- Borrowers must generally commit to starting construction within 3 years of loan sanction.
- Suitable for individuals planning long-term property investment.
- Allows borrowers to build a home later according to their preferences.
Home Improvement Loan
The Home Improvement Loan provides funds for the repair, renovation, or upgrading of an existing house.
- Can be used for painting, flooring, plumbing, tiling, waterproofing, and structural repairs.
- Loan amounts generally range between ₹3 lakhs and ₹5 crores.
- Maximum repayment tenure available up to 20 years.
- Helps homeowners upgrade their property without exhausting personal savings.
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Loan Against Property (LAP)
The Loan Against Property allows borrowers to unlock the financial value of their owned property.
- Loan available against residential, commercial, or leased property.
- Borrowers can avail funding of up to ₹10 crores, depending on property valuation and income profile.
- Funds can be used for business expansion, education, medical expenses, or personal needs.
- Maximum repayment tenure may extend up to 15 years.
Micro LAP
The Micro Loan Against Property is a specialized version of LAP designed for smaller borrowing requirements.
- Loan amounts range from ₹3 lakhs to ₹15 lakhs.
- Maximum repayment tenure of up to 120 months (10 years).
- Ideal for borrowers seeking smaller loans for urgent financial needs.
Balance Transfer
The Balance Transfer facility allows borrowers to shift their existing home loan from another lender to ICICI Home Finance.
- Suitable for borrowers paying high interest rates (typically above 11% p.a.) with other lenders.
- Helps reduce EMI burden through lower interest rates.
- Offers the opportunity to restructure the loan tenure and repayment plan.
Top-Up Loan
A Top-Up Loan allows existing ICICI Home Finance borrowers to access additional funds over their current home loan.
- Available to customers with a good repayment history.
- Can be used for education expenses, weddings, home renovation, or other personal needs.
- Requires minimal documentation since the property is already mortgaged.
ICICI Home Finance Loan EMI Calculator
The ICICI Home Finance EMI Calculator helps borrowers estimate their monthly loan repayments before applying for a loan.
Steps to Use the EMI Calculator
- Visit the ICICI Home Finance website and open the EMI Calculator tool.
- Enter the loan amount you wish to borrow.
- Select the loan tenure (number of years or months).
- Input the applicable interest rate.
- Click Calculate to view the monthly EMI, total interest payable, and total repayment amount.
Also Check: Home Loan EMI Calculator
Apply for ICICI Home Finance Loan
Applying is a simple process that can be initiated online or at a branch
- Form Submission: Fill out the loan application form (online or offline) with your personal and property details
- Initial Fee: Pay a non-refundable login fee (approx. ₹ 5,000 to ₹ 10,000 + GST) to start KYC and document checks
- Verification: Experts at the branch will review your age, income, existing EMIs, and the property
- Sanction: Receive a loan approval/sanction based on the technical and legal review
- Processing Fee: Pay the administrative/processing fee (approx. 0.50% – 1.50%) at the time of sanction
- Disbursement: The loan amount is disbursed based on the property type or construction stage
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Track ICICI Home Finance Loan Application Status
While the sources mention the Customer Portal for existing services, tracking an application typically involves these steps:
- Customer Portal: Access the Customer Portal on the ICICI HFC website using your registered credentials
- Contact Branch: Visit or call the ICICI HFC branch where you submitted your application to get a direct update from your assigned expert
- WhatsApp Service: You may also use the official WhatsApp number for service requests and status queries
ICICI Home Finance Loan Customer Care
ICICI Home Finance offers multiple customer support channels for loan-related queries and assistance.
| Support Channel | Details |
| WhatsApp Support | Say “Hi” on 80974 59555 |
| Branch Network | 230+ ICICI HFC branches across India |
| Bank Assistance | Available through nearby ICICI Bank branches |
| Online Support | Customer portal and “Write to Us” section on website |
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