| Charges | Home Loans |
| Loan Processing Charges / Renewal Charges |
0.5% of loan amount as Administrative Fee or Rs. 2,000, whichever is higher |
| Pre-payment Charges* | No prepayment charge on floating rate home loan irrespective of the source of fund No prepayment fee on Fixed Rate Home loan when loan is pre- closed by borrowers out of their own sources. The expression "own sources" for this purpose means any source other than by borrowing from a bank / HFC / NBFC / or Financial Institution. 2% of the outstanding loan amount plus applicable service tax and surcharge on fixed rate home loan 4% of the outstanding loan amount plus applicable service tax and surcharge on Loan against property, Lease rental discounting and Non residential premises For one year, two year and three year fixed rate loan the prepayment charge is 2% of the outstanding loan amount plus applicable service tax and surcharge till the time loan is under fixed rate. Once loan moves into floating rate there would be no prepayment charge irrespective of the source of fund |
The floating interest rate on ICICI Home Finance is linked to ICICI Home Finance Prime Lending rate (IHPLR) |
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| The IHPLR has been increased by 50 basis points (i.e. 0.50%) with effect from August 13, 2011. Thus the IHPLR has been increased from 17.25% to 17.75%. | |
| To know more about the change in IHPLR and its impact please click here (FAQs). | |
| For further queries regarding the change in rate, please get in touch with our call center. | |