Beyond the interest rate, consider these upfront and recurring costs:
: ICICI typically funds up to 90% for loans up to ₹30 Lakh, and 75% for loans above ₹75 Lakh. home loan icici bank interest rate
| Fee Type | Amount | | :--- | :--- | | Processing Fee | Up to 1% of loan amount + GST (often waived for women/NHB scheme) | | Legal & Technical Charges | As actual (₹3,000 – ₹10,000 + GST) | | Late Payment Penalty | 2% per month on overdue EMI | | CERSAI Charges | ₹100 + GST (for loan above ₹5 lakh) | | NOC / Foreclosure Charges | Nil for floating rate (individuals); 2-4% for fixed rate / commercial | Beyond the interest rate, consider these upfront and
: A score of 750+ is preferred for the best terms. Beyond the interest rate
| Parameter | Requirement | | :--- | :--- | | Age | 21 – 60 years | | Employment | Minimum 2 years total, 1 year with current employer | | CIBIL Score | 750 or higher (best rates) | | FOIR | Fixed Obligations to Income Ratio ≤ 50-55% |
: Nil for floating-rate loans for individual borrowers.