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
  • Processing / Administrative Fees (Charged at the time of sanction)
    0.50% - 1.00% of the loan amount or ₹ 3000/- whichever is higher + applicable taxes and other statutory levies.
  • Part Prepayment Fees
    NIL
  • Cheque / ECS dishonour Charges, per transaction
    ₹ 200/- or such other amount as may be specified by IHFC from time to time plus applicable taxes and other statutory levies.
  • Documents Retrieval Charges
    ₹ 500/- (Rupees Five Hundred Only) plus applicable taxes and/or other statutory levies if any.
  • Cheque / Repayment Mode swap charges other than PDC to PDC
    ₹ 500/- (Rupees Five Hundred Only)- plus applicable taxes and/or other statutory levies if any.
  • Cheque re-presentation Charges
    ₹ 500/- (Rupees Five Hundred Only)- plus applicable taxes and/or other statutory levies if any.
  • Charges per EMI for payment after Due Date
    ₹ 200/- plus applicable taxes plus applicable taxes and/or 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 or other statutory levies if any.
  • Charges for Statement of account
    ₹ 100/- (Rupees One Hundred only) plus applicable taxes or other statutory levies if any.
  • Charges for prepayment statement
    ₹ 100/- (Rupees One Hundred only) plus applicable taxes or other statutory levies if any.
  • Charges for duplicate NOC / No due certificate.
    ₹ 100/- (Rupees One Hundred only) plus applicable taxes or other statutory levies if any.
  • Charges for revalidation of NOC
    ₹ 100/- (Rupees One Hundred only) plus applicable taxes or other statutory levies if any.
  • Conversion charges
    Please refer to the website/branch official for charges as applicable at the time of conversion.
Prepayment Charges* Interest Type Loan Type Individual Borrower

Non - Individual

Borrower

   

Home Loan,

Home Improvement Loan,

Dual rate Home Loan (during the period of applicability of the fixed/ initial rate of interest)

Nil  
  Floating Other Loans Nil  

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 April 3, 2020. Thus the IHPLR has been decreased from 17.80% to 17.70%"

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 III - 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.