Home Loan

When you find the perfect home, we’ll find you the perfect loan.

Buy, build, renovate or redecorate your home with wide range of home loans options. Enjoy attractive interest rates, longer loan tenure, transparent charges, quick processing and easy repayment options.

APPLY NOW for instant approval and faster processing of your loan

Features & Benefits

  • Multiple tie-ups with the leading lenders in the Industry
  • Get Expert opinion to choose the best product, which suits your requirement
  • Leave all your worries behind, we offer customized solutions to fulfill all your financial needs as per Income Profile & Credit Score etc.
  • Property Advisory services available only with select lenders*
  • Home Loans for purchase of a flat, row house, bungalow from private developers in approved projects & also from Development
  • Authorities such as DDA, MHADA etc. (Fresh Purchase)
  • Loans for purchase of properties in an existing Co-operative Housing Society or Apartment (Resale)
Balance Transfer

Transfer your existing home loan through ICICIdirect & enjoy interest rate benefits, Smaller EMIs & Bigger Savings

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Balance Transfer

Transfer your existing home loan through ICICIdirect & enjoy interest rate benefits, Smaller EMIs & Bigger Savings Do not miss a chance to lower your loan repayments when you have smarter options to choose from. Move your existing Home Loan through ICICIdirect, pay lower monthly installments and enjoy the savings for the other things in life that really matter to you and your family.

Top-up loan

Loans for a variety of personal or professional needs (other than for speculative purposes).

Home Improvement

Loans for enhancing your home in many ways such as tiling and flooring, internal and external plaster and painting etc.

Home Extension Loan

Loans to extend or add space to your home such as additional rooms etc.

Loans for construction on land

When you own a plot of land, you can build a space that is uniquely yours.

“The loan process was efficient, fast and pain-free”

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- Viraj Joshi

Documents Checklist

  • bt calculator
  • Balance Transfer
  • Top-up loan
  • FAQ

BT calculator

Existing Loan
PRINCIPAL OUTSTANDING
EXISTING EMI
OUTSTANDING TENURE (In Months)
RATE OF INTEREST
REQUIRED TENURE (In Months)
  • Total saving in cash out flow
     
  • Existing EMI
     
  • New EMI
     
  • Saving in EMI
     
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Home Loan - Balance Transfer

Transfer your existing home loan through ICICIdirect & enjoy interest rate benefits, Smaller EMIs & Bigger Savings

Do not miss a chance to lower your loan repayments when you have smarter options to choose from. Move your existing Home Loan through ICICIdirect, pay lower monthly installments and enjoy the savings for the other things in life that really matter to you and your family.

Home Loan - Top up

All customers with an existing Home Loan, Home Improvement Loan or a Home Extension Loan can apply for a Top Up Loan.

You can apply for a Top Up Loan after 12 months of the final disbursement of your existing Home Loan and upon possession/completion of the existing financed property or basis the last 12 months track record of the Top Up Loan being refinanced from another institution, subject to possession/completion of the property.
The tenure of the loan is also dependent on the customer’s profile, age of customer at maturity of loan, age of property at loan maturity, depending upon the specific repayment scheme as may be opted and any other terms which may be applicable based on prevalent norms.

Features & Benefits

  • Loans for a variety of personal or professional needs (other than for speculative purposes)
  • Loans for existing customers as well as new customers availing of our Balance Transfer Facility
  • Loan can be used for many purpose such as Educational Fees, Medical Expenses, Travel, buying used luxury car, Debt Consolidation etc.”
  • Attractive interest rates
  • Easy and hassle free documentation

Home Loan FAQs

  • How will you decide the home loan amount I am eligible for?

    We will determine your Home Loan Eligibility largely by your income and repayment capacity. Other important factors include your age, qualification, number of dependents, your spouse's income (if any), assets & liabilities, savings history and the stability & continuity of occupation

  • What does an EMI mean?

    EMI refers to the ‘Equated Monthly Installment’ which is the amount you will pay to us on a specific date of each month till the loan is repaid in full. The EMI comprises of the principal and interest components which are structured in a way that in the initial years of your loan, the interest component is much larger than the principal component, while towards the latter half of the loan, the principal component is much larger.

  • What does ‘own contribution’ mean?

    ‘Own Contribution’ is the total cost of the property less home loan.

  • When can I make a home loan application?

    You can apply for a Home Loan at any time once you have decided to purchase or construct a property, even if you have not selected the property or the construction has not commenced.

  • What does ‘market value’ of the property mean?

    Market value refers to the estimated amount that is expected to be fetched on the property as per the prevailing market conditions.

  • Do I get tax benefits on the loan?

    Yes. You are eligible for tax benefits on the principal and interest components of your Home Loan under the Income Tax Act, 1961. As the benefits could vary each year, please do check with our Loan Counselor about the tax benefits which you could avail on your loan.

  • What is a Balance Transfer loan?

    Transferring your outstanding home loan availed from another Bank/Financial Institution to us is known as a Balance Transfer loan.

  • Who can avail a Balance Transfer loan?

    Any borrower, who has an existing home loan with another bank/HFI in which he/she have had a regular payment track of 12 months, can avail a Balance transfer loan.

  • Are the applicable interest rates on a Balance Transfer loan higher than a home loan?

    Interest rates applicable on Balance Transfer loans do not differ from the interest rates of home loans.

  • Can I avail a Top Up loan in addition to a Balance Transfer loan?

    Yes, you can avail an additional Top Up loan.

  • What is a Top Up Loan?

    Top Up Loans can be availed for personal and professional needs (other than for speculative purposes) like marriage, child's education, business expansion, debt consolidation, etc.

  • Who can avail a Top Up Loan?

    All customers with an existing Home Loan, Home Improvement Loan or a Home Extension Loan can apply for a Top Up Loan. New customers availing of our Balance Transfer loan can also additionally avail a Top Up loan. You can apply for a Top Up Loan after 12 months of the final disbursement of your existing Home Loan and upon possession/completion of the existing financed property.

  • What is the maximum amount that can be availed as a top up loan?

    The maximum Top Up Loan that you can avail of is equivalent to your originally sanctioned loan amount of all the Home Loans put together orRs.50 lacs, whichever is lower. This is further subject to the cumulative outstanding loans plus the Top Up being offered not exceeding an overall cap of 80% for cumulative exposure up to Rs.75 lacs & 75% if the cumulative exposure is over Rs.75 lacs of the Market Value of the mortgaged property, as assessed by the lending institution.

  • What is the security that I have to provide for a Top Up Loan ?

    Security of the loan would generally be security interest on the property being financed by lending institution and/or any other collateral/interim security as may be required by the lending institution.

  • Can I avail a Top Up loan along with a Balance Transfer loan?

    Yes. Top Up loan can be availed in addition to a balance transfer loan.

  • What are the documents required for a Top Up Loan?

    Refer to Document Checklist.