| Charge | Amount | |--------|--------| | Processing fee | ₹5,000 – ₹10,000 or 1% (whichever lower) | | Late payment | 2% per month on overdue EMI | | CERSAI + CIBIL check | ₹500 – ₹1,000 | | Legal & technical | As per actual (₹2,000 – ₹5,000) | | Foreclosure (floating) | Zero | | Foreclosure (fixed) | 2% – 4% of principal outstanding | | Conversion (fixed to floating) | 1% of outstanding or ₹5,000 (min.) |
Borrowers with borderline credit score (<700) or those who want the absolute lowest processing fee (choose SBI instead). icici housing loan
ICICI Bank is one of India’s largest private sector lenders, offering competitive home loan products across salaried and self-employed segments. Known for digital-first processing, quick disbursals, and flexible repayment options, ICICI competes directly with HDFC Ltd., SBI, and LIC Housing Finance. The bank has aggressively adopted repo-rate-linked lending (RLLR) and offers special schemes for green homes, affordable housing, and NRI buyers. | Charge | Amount | |--------|--------| | Processing
Last 3 months salary slips + 6 months bank statement + Form 16 000 – ₹10