Services And Charges

Services and Charges

ICICI Home Finance ensures that you get the best Home Loans in terms of interest rates and other facilities. You can choose from Adjustable, Fixed or Floating Rate of interest Home Loan.

  • Charges
    Home Loans
  • Processing Fees (Charged at the time of sanction)#
    0.75% - 2.50% plus applicable taxes and other statutory levies if any.
  • Part Prepayment Fees
    NIL
  • Cheque / ECS /NACH dishonour Charges, per transaction
    ₹ 500/- (Rupees Five Hundred Only) or such other amount as may be specified by IHFC from time to time plus applicable taxes and other statutory levies.
  • Copy of original documents
    ₹ 1000/- (Rupees One Thousand only) plus applicable taxes and other statutory levies if any.
  • Repayment mode swap charges (PDC to PDC)
    ₹ 1000/- (Rupees One Thousand only) plus applicable taxes and other statutory levies if any.
  • Charges for Amortisation Schedule
    ₹ 100/- (Rupees One Hundred only) plus applicable taxes and other statutory levies if any.
  • List of Documents
    ₹ 500/- (Rupees Five Hundred only) plus applicable taxes and other statutory levies if any.
  • Charges for swap of property
    ₹ 10000/- (Rupees Ten Thousand only) plus applicable taxes and other statutory levies if any.
  • Penalty for delayed payment
    2% per month plus applicable taxes if any.
  • Charges for Statement of account
    ₹ 100/- (Rupees One Hundred only) plus applicable taxes and other statutory levies if any.
  • Charges for prepayment statement
    ₹ 500/- (Rupees Five Hundred only) plus applicable taxes and other statutory levies if any.
  • Charges for duplicate NOC / No due certificate
    ₹ 500/- (Rupees Five Hundred only) plus applicable taxes and other statutory levies if any.
  • Conversion charges
    0.50% for housing loan, 1.00% for the non-housing loan plus applicable taxes and other statutory levies if any, on principal outstanding.
  • Charges on account of non-submission of PDC/NACH Mandate Form for EMI payment , per transaction
    ₹ 2000/- (Rupees Two Thousand only) plus applicable taxes and other statutory levies if any.
  • CHARGES
    GOLD LOAN
  • Penal charges on Gold Loan
    6% p.a

# Such amounts shall include all amounts prepaid during the given financial year

Disclaimer: The rates, fees, charges, etc. as stated here in the above are subject to changes/ revision from time to time at the sole discretion of ICICI Home Finance Company.

Whenever there is change in Rate, the same will be communicated through online or offline mode.

Note:

  • All the fees & charges mentioned above are non refundable in nature.
  • Goods and Services Tax and other govt. taxes, levies, etc. applicable as per the prevailing rate will be charged over and above these charges.
  • In order to facilitate easier / faster and secured transactions, ICICI Home Finance Company Limited offers e- payment and e-receipt services to its customers.
  • The floating interest rate on ICICI Home Finance is linked to the ICICI Home Finance Prime Lending rate (IHPLR).
  • The IHPLR has been decreased by 10 basis points (i.e. 0.10%) with effect from October 1, 2020. Thus the IHPLR has been decreased from 17.70% to 17.60%

For any request with regards to above mentioned matters, pls get in touch with our customer service or visit to the nearest branch.

Range of Interest rates for Mortgage Loans

Loan Type Range of Interest for Mortgage Loans for Q2 FY 2020-21 Mean
Minimum ROI Maximum ROI
Housing 6.50% 16.37% 10.49%
Non-Housing 7.98% 17.00% 12.37%
Loan Type Range of Interest rates for Mortgage Loans for Q3 FY 2020-21 Mean
Minimum ROI Maximum ROI
Housing 6.50% 17.60% 10.61%
Non-Housing 7.75% 18.10% 12.62%

Notes :

  • The range of interest rates provided above is with respect to loans to individuals disbursed during Quarter 2 - FY:2020-2021 and Quarter 3 – FY:2020-2021.
  • Mean Rate = Sum of (Disbursement Amount * Interest rate) / Total Disbursement Amount.
  • It includes various categories like fixed rate, floating rate and is based on factors such as loan amount, customer relationships, etc.

Annual Percentage Rate

The Annual Percentage Rate (APR) is a method to compute annualized credit cost which includes interest rate and loan origination fee.

To calculate the annualized credit cost, please click here to download the APR calculator.

Range of Interest rates for Gold Loans

Loan Type Range of Interest rates for Gold Loan for Q3 FY 2020-21 Mean
Minimum ROI Maximum ROI
Gold Loan 12.00% 16.00% 13.78%

Notes :

  • The range of interest rates provided above is with respect to loans to individuals disbursed during Quarter 3 – FY 2020-2021.