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 |
| Loan Processing Charges / Renewal Charges |
0.5% to 1% |
| Prepayment Charges |
2 % on the principal outstanding on full prepayment |
| Charges for Late payment |
2% per month |
| Charges for changing from Fixed to Floating Rates of Interest |
1.75% on principal outstanding |
| Cheque Swap Charges |
Rs. 500 |
| Document Retrieval Charges |
Rs. 500 |
| Cheque Bounce Charges |
Rs. 200 |
Note: Service Tax and other taxes, levies, etc. applicable as per prevailing rate will be charged over and above these charges
The floating interest rate on ICICI Home Finance is linked to ICICI Home Finance Prime Lending rate (IHPLR)
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| The IHPLR has been reduced by 50 basis points (i.e. 0.50%) with effect from June 04, 2009. Thus the IHPLR has been reduced from 15.25% to 14.75%. |
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| To know more about the change in IHPLR and its impact please click here (FAQs). |
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| For further queries regarding the change in rate, please get in touch with our call center. |
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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.