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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 Home Loan.
Charges Home Loans
Processing / Administrative Fees (Charged at the time of sanction) 0.50% - 1.00% of the loan amount or Rs. 2000/- whichever is higher + applicable taxes and other statutory levies.
Part Prepayment Fees NIL
Cheque / ECS dishonour Charges, per transaction

Rs. 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 Rs. 500/- (Rupees Five Hundred Only) plus applicable taxes and/or other statutory levies if any.
Cheque / Repayment Mode swap charges Rs. 500/- (Rupees Five Hundred Only)- plus applicable taxes and/or other statutory levies if any.
Cheque re-presentation Charges Rs. 500/- (Rupees Five Hundred Only)- plus applicable taxes and/or other statutory levies if any.
Charges per EMI for payment after Due Date Rs. 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 Rs. 100/- (Rupees One Hundred only) plus applicable taxes or other statutory levies if any.
Charges for Statement of account Rs. 100/- (Rupees One Hundred only) plus applicable taxes or other statutory levies if any.
Charges for prepayment statement Rs. 100/- (Rupees One Hundred only) plus applicable taxes or other statutory levies if any.
Charges for duplicate NOC / No due certificate. Rs. 100/- (Rupees One Hundred only) plus applicable taxes or other statutory levies if any.
Charges for revalidation of NOC Rs. 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
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 include all 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 herein above are subject to changes/ revision from time to time at the sole discretion of ICICI Home Finance.

Note 1: 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 ICICI Home Finance Prime Lending rate (IHPLR).
The IHPLR has been decreased by 35 basis points (i.e. 0.35%) with effect from October 05, 2015. Thus the IHPLR has been decreased from 17.45% to 17.10%
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% 10.50% 8.76%
Non Housing 8.65% 12.75% 10.19%
Notes :

  •  
  • The range of interest rates provided above is with respect to loans to individuals disbursed during Quarter I - FY:2017-2018.  
  •  
  • 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.

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