Icici Home Loan Interest Rate Official

Consequently, an ICICI home loan rate is expressed as . For example, if the Repo Rate is 6.50% and ICICI’s spread (their margin, covering risk and operational costs) is 2.00%, the effective interest rate would be 8.50%. As of the current fiscal cycle, ICICI Bank offers home loans starting from approximately 8.50% per annum for salaried individuals with high credit scores. However, this is a floating rate; it fluctuates with the RBI’s monetary policy, meaning your Equated Monthly Installment (EMI) can rise or fall over the typical 20-to-30-year loan tenure.