1 Crore ICICI Home Loan

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The ICICI ₹1 Crore home loan is a remarkable financing option. The bank offers an end-to-end digital process, minimal documentation, and flexible repayment options, making it an ideal choice for those who dream big. Eligible applicants can typically expect fund disbursement in as little as 72 hours. Borrowers can also benefit from lower interest rates and affordable processing fees, which further enrich the overall appeal of this credit option. However, there are certain things you might be aware of before initiating the loan application. These include factors such as the ₹1 Crore home loan EMI with ICICI, the applicable interest rate, your repayment capacity, and other relevant fees associated with the loan. Continue scrolling down for further information.

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Table of Content

1. 1 Crore Home Loan ICICI Highlights

2. 1 Crore ICICI Home Loan EMI for 10 Years

3. 1 Crore ICICI Home Loan EMI for 20 Years

4. 1 Crore ICICI Home Loan Fees and Charges

5. 1 Crore ICICI Home Loan Documents Required

6. 1 Crore ICICI Home Loan Eligibility Criteria

Written By

Utsah Sharma

Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

1 Crore Home Loan ICICI – Highlights

Here are the key parameters of an ICICI ₹1 Crore home loan:

Interest Rates	8.75% p.a. onwards
Processing Fees	0.50% – 2.00% of the loan amount or Rs. 3000, whichever is higher, plus taxes.
Loan Amount	Rs 1 Crore (75% – 90% of the property cost)
Loan Tenure	Up to 30 years
Eligibility	Applicable to both salaried and self-employed individuals

1 Crore ICICI Home Loan EMI for 10 Years

Here are the ₹1 Crore home loan EMI in ICICI for a 10-year loan tenure:

Loan Amount	Interest Rate	Loan Tenure	EMI	Total Interest Payable	Total amount Payment
Rs 1 Crore	8.75% p.a.	10 years	Rs 1,25,327	Rs 50,39,210	Rs 1,50,39,210

1 Crore ICICI Home Loan EMI for 20 Years

Let’s examine the ₹1 Crore home loan EMI for 20 years in ICICI Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI	Total Interest Payable	Total amount Payment
Rs 1 Crore	8.75% p.a.	20 years	Rs 88,371	Rs 1,12,09,057	Rs 2,12,09,057

1 Crore ICICI Home Loan – Fees and Charges

Following are the fees and charges associated with the ICICI ₹1 Crore home loan:

Fee/Charge	Amount
Processing Fee	0.50% – 2.00% of the loan amount or ₹3000, whichever is higher
Administrative Charges	0.25 % of the facility amount or ₹5000, whichever is lower
Prepayment charges	2% of the prepayment amount
Late payment charges	2% per month on the overdue amounts.

1 Crore ICICI Home Loan – Documents Required

Below are the required documents for an ICICI ₹1 Crore home loan:

Proof of Identity: PAN Card, Passport, Voter ID, or Driving License.
Proof of Address: Utility Bills, Passport, Driving License, or Aadhaar Card.
Proof of Income: Salary slips of the last 3 months, Bank statements of the last 6 months, or Form 16/ Income Tax Returns.
Proof of Property: Receipts of payments done to the developer, A copy of the plans that is approved by the Local Authorities, Allotment Letter, Title Deeds, etc.
Other Documents: Cheque for processing fee, and the application form with passport size photograph.

1 Crore ICICI Home Loan – Eligibility Criteria

₹1 Crore home loan eligibility ICICI Bank is as follows:

You must be a salaried or self-employed individual.
You must be aged between 21 to 65 years old.
You must have a good credit score and repayment history.
You should have a stable source of income to cover the monthly repayment.
You must be an Indian citizen.

Frequently Asked Question (FAQs)

What is the EMI for a 1 Crore Home Loan for 20 years in ICICI?

Rs 88,371 is the applicable EMI for a ₹1 Crore Home Loan for 20 years in ICICI Bank.

Who is eligible for a 1 Crore Home loan in ICICI?

Both salaried and self-employed individuals, who can exhibit a stable source of income to cover the loan EMIs, are eligible for a ₹1 Crore home loan in ICICI.

What is the monthly interest rate of a 1 Crore home loan in ICICI?

0.729% is the monthly interest rate of a ₹1 Crore home loan in ICICI.

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