ICICI Bank Home Loan Interest Rates June 2026

Highlights on ICICI Bank Home Loan Interest Rate

The ICICI Bank home loan interest rate is competitive and is influenced by factors such as credit score, income type, and loan amount. With floating rates linked to the RBI’s repo rate, borrowers benefit quickly from any drop in rates. Here, you’ll get the breakdown of the home loan percentage in ICICI Bank. You can compare it across schemes and borrower profiles to discover smart ways to secure a lower rate.

Here are some highlights of the ICICI Bank Home Loan interest rate:

Feature	Details
Loan Amount	₹3L – ₹5Cr
Loan Tenure	30 Years
Interest Type	Floating & Fixed
Processing Fee	Up to 2% of loan amount

ICICI Bank Home Loan Interest Rates for Salaried vs Self-Employed Individuals

ICICI Bank decides home loan rates based on the applicant’s credit score and job type. Salaried borrowers with regular income often get better rates than self-employed applicants due to lower risk. Use the Home Loan Eligibility Calculator to estimate your eligible loan amount before applying.

Credit Score	Salaried (p.a.)	Self-Employed (p.a.)
800 and above	9.00%	9.00%
750 – 799	9.00%	9.10%

These are floating rates and may change in response to updates in the repo rate. Loan applicants with scores below 750 may receive slightly higher rates.

ICICI Bank Home Loan Interest Rates Scheme-Wise

ICICI Bank offers a variety of home loan products tailored to different borrower needs. For the full current rate details, refer to the ICICI Bank home loan interest rate page before finalising your application.

Loan Scheme	Interest Rate (p.a.)
Standard Home Loan	8.5% – 11.2%
Step-Up Home Loan	9.25% – 10.05%
Pre-Approved Home Loan	9.00% onwards (subject to profile)
Balance Transfer	9.00% – 9.95%
Top-Up Loan	9.75% – 10.25%
Fixed Rate Loan (24–120 months)	9.10% – 12.05%
Full Term Fixed Rate Loan	11.15% – 11.45%

How to Calculate the Effective Interest Rate on an ICICI Bank Home Loan?

You can estimate the ICICI Bank housing loan interest rate using standard EMI formulas. Use the Home Loan EMI Calculator to instantly test multiple combinations before committing to a loan amount or tenure.

Convert the annual rate into a monthly rate by dividing by 12. Calculate your EMI using the formula:

EMI = [P × R × (1+R)^N] / [(1+R)^N − 1]

Where:

• P = Loan amount (Principal)
• R = Monthly interest rate (annual interest ÷ 12 ÷ 100)
• N = Loan tenure in months

List of Factors that Affect ICICI Bank Home Loan Interest Rate and EMI

• RBI Repo Rate: ICICI Bank links its lending rates to the RBI’s repo rate. If the repo rate decreases, the bank may also reduce its home loan interest rate.
• Credit Score: A credit score of 750 or above helps you get lower interest rates.
• Loan Amount: Smaller loans (below ₹35 lakh) often get slightly better rates.
• Loan Tenure: Shorter tenures mean higher monthly EMI but lower total interest. Longer tenures reduce EMI but increase the total interest paid.
• Type of Interest Rate: Floating rate changes with market conditions. A fixed rate stays constant throughout the loan period.
• Employment Type: Salaried people often get better rates than self-employed applicants.
• Income and Debt Ratio: If your income is high and your existing loans are few, you are more likely to get a lower rate.
• Property Type and Location: Properties in desirable areas may qualify for better rates.
• Loan-to-Value (LTV) Ratio: A lower LTV means less risk for the bank, which can result in better rates.

Compare current rates across lenders on the home loan interest rate page before making your final decision.

Impact on ICICI Bank Home Loan EMI Calculations After the Repo Rate Cut by the RBI

The Reserve Bank of India (RBI) reduced the repo rate by 0.25% — from 6.25% to 6.00%. Since ICICI Bank’s floating rate home loans are linked to the repo rate, this cut can lower your interest rate and EMI.

For Existing Borrowers

• Floating rate loans: EMI will reduce, but it may take 1-3 months depending on your loan reset cycle.
• Fixed rate loans: No change unless you switch or refinance.

For New Borrowers

• ICICI may offer lower starting interest rates.
• Helps reduce monthly EMI and total repayment.

Example (₹50 lakh loan)

Tenure	Before Rate Cut (9%)	After Rate Cut (8.75%)	Savings
10 years	₹63,304	₹62,402	₹902/month
20 years	₹44,986	₹43,983	₹1,003/month

How to Get the Best Interest Rate on ICICI Bank Housing Loan?

• Maintain a strong credit score: A higher score can help you secure lower interest rates.
• Choose the right loan scheme: Compare the current home loan interest rates ICICI Bank publishes for its various products.
• Manage your debt: Lenders prefer applicants who do not carry heavy financial burdens.
• Submit complete documents: Timely, accurate paperwork speeds up approval and sometimes leads to better terms.
• Seek promotional offers: Watch out for special campaigns that reduce the ICICI Bank home loan interest percentage for a limited time.

Once your loan is sanctioned, use the Home Loan Prepayment Calculator to estimate interest savings from early repayments, the Home Loan Tax Benefit Calculator to estimate your annual deductions under Section 80C and Section 24(b), and the Home Loan Balance Transfer Calculator to evaluate whether switching to a lower-rate lender makes financial sense.

ICICI Bank Home Loan Interest Rates of the Last 10 Years

Year	Interest Rate Range
2015	9.85% – 9.90%
2016	9.10% – 10.30%
2017	8.90% – 9.50%
2018	8.65% – 9.40%
2019	8.60% – 9.30%
2020	9.00% – 10.05%
2021	6.70% – 8.05%
2022	7.00% – 7.75%
2023	8.25% – 9.65%
2024	8.70% – 9.65%