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 Home Loan.

  • Charges
    Home Loans
  • Login Fees/Processing Fees
    0.75% to 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 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.
  • 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.
  • Documents Retrieval Charges
    ₹ 500/- (Rupees Five Hundred Only) plus applicable taxes and other statutory levies if any.
  • Cheque / Repayment Mode swap charges other than PDC to PDC
    ₹ 500/- (Rupees Five Hundred Only)- plus applicable taxes and other statutory levies if any.
  • Penalty for delayed payment
    Charges for late payment / Additional interest : 2% per month plus applicable taxes if any.
  • Charges for Amortisation Schedule
    ₹ 100/- (Rupees One Hundred only) plus applicable taxes and other statutory levies 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 One Hundred only) plus applicable taxes and other statutory levies if any.
  • Charges for duplicate NOC / No due certificate
    ₹ 500/- (Rupees One Hundred only) plus applicable taxes and other statutory levies if any.
  • Conversion charges
    0.50% for housing loan, 1.00% for non-housing loan plus applicable taxes and other statutory levies if any on principal outstanding.
Prepayment Charges Interest Type Loan Type Individual Borrower Non - Individual Borrower
Floating

Home Loan /

Home Improvement Loan /

Dual rate Home Loan

(during the period of

applicability of the fixed /

initial rate of interest)

Nil

2%, plus applicable taxes and other statutory levies,

of the outstanding amounts sought to be

prepaid (such amounts shall include

all amounts prepaid during the given

financial year) shall be levied.

Land Loan Nil

2%, plus applicable taxes and other statutory

levies, of the outstanding amounts sought to

be prepaid (such amounts shall

include all amounts prepaid during the

given financial year) shall be levied.

 

 

 

 

Other Loans Nil

4%, plus applicable taxes and other statutory levies, of the outstanding

amounts sought to be prepaid (such

amounts shall include all amounts

prepaid during the given financial year) shall be levied.

Fixed

Home Loan /

Home Improvement Loan /

Dual rate Home Loan

(during the period of

applicability of the fixed /

initial rate of interest)

No prepayment charges shall be levied on fixed rate home loan /

home improvement loan / fixed first home loan if the prepayment is

made by the borrower from his " own sources". The expression

"own sources" for this purpose means any source of funds other

than borrowing from a Bank or Financial Institution. In case the

prepayment is not made by the borrower from his / her "own sources",

prepayment charges amounting to 2%, plus applicable taxes and

other statutory levies, of the outstanding amounts sought to be prepaid

through finance from any Bank or Financial Institution, (such amounts shall include

all amounts prepaid during the given financial year) shall be levied.

2%, plus applicable taxes and other statutory levies, of the outstanding

amounts sought to be prepaid (such amounts shall include all amounts prepaid

during the given financial year) shall be levied.

Land Loan

For Land loans, no prepayment charges shall be levied on the borrower if

the prepayment is made by the borrowers from his / her own sources within

3 years from the date of first disbursement. The expression "own sources" for

this purpose means any source other than borrowing from a Bank or Financial

Institution . In the event, prepayment is made after 3 years, prepayment charges

shall be levied on the borrower/s in case the house has not been constructed

irrespective of the source of prepayment. However if the house is constructed,

prepayment charges shall continue to be payable in case the prepayment is

made from borrowing from any Bank or Financial Institution. For such cases,

the prepayment charge amounting to 2%, plus applicable taxes and other statutory

levies, of the outstanding amounts being so prepaid through borrowing from any

Bank or Financial Institution (such amounts shall include all amounts prepaid

during the given financial year) shall be levied. ICICI HFC shall

seek proof of completion of house construction as deemed appropriate.

2%, plus applicable taxes and other statutory levies,

of the outstanding amounts sought

to be prepaid

(such amounts shall include all amounts prepaid

during the given financial year) shall be levied.

Other Loans

4%, plus applicable taxes and other statutory levies, of the outstanding

amounts sought to be prepaid (such amounts shall

includeall amounts prepaid during the given

financial year) shall be levied.

4%, plus applicable taxes and other

statutory levies, of the outstanding

amounts sought to be

prepaid (such amounts shall include all

amounts prepaid during the given financial

year) shall be levied.

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.

Note:

  • 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 September 3, 2019. Thus the IHPLR has been decreased from 17.90% to 17.80%.

For further queries regarding the change in rate, please get in touch with our call center.

Range of Interest rates for Mortgage Loans

Loan Type Range of Interest rates for Mortgage Loans Mean
Minimum Maximum
Housing 8.30 15.50 10.43
Non-Housing 9.15 17.50 12.31

Notes :

  • The range of interest rates provided above is with respect to loans to individuals disbursed during Quarter I - FY:2019-2020.
  • 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 same, please click here to download the APR calculator.