What is the Processing Fee for Home Loan in ICICI?

The ICICI bank home loan processing fee is between 0.50% and 2.00% of the loan amount or Rs 3,000 whichever is higher. Do know that this amount is non-refundable and is collected by the bank for appraising the application for the facility and the same is independent of the outcome of such appraisal.

What are the ICICI Bank Home Loan Processing Charges?

As I said, the ICICI home loan processing charges are between 0.50% and 2.00% of the loan amount or Rs 3,000 whichever is more. You can confirm it with a bank official or visit the

for more details.

Does ICICI Provide a 90% Home Loan?

ICICI offers 90% of the property’s value as home loans for individuals who are planning to purchase a new house or construct a new house. However, the interest rate and tenure will vary in such cases.

Since the types of home loans and required documents are listed in the above comments, you can take a look at them for more details. I hope my comment on ICICI bank home loan processing fee details was helpful.

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I recently finished the ICICI Bank home loan application process. I can thus tell you about the latest processing fee for home loan in ICICI Bank. But before that do you have any idea why banks charge processing fees? I'll walk you through it if not. 

The processing fee is an amount that the bank charges to cover the operational and administrative expenses involved in reviewing and processing the loan application. The latest processing fee for an ICICI Bank home loan ranges from 0.50% to 2.00% of the loan amount. 

What is the Home Loan Processing Fee ICICI?

A house loan processing fee of 0.50% to 2.00% of the loan amount or Rs 3,000 whichever is more plus necessary taxes and other statutory levies is assessed by ICICI Bank. 

Using the following example, let me explain what the ICICI home loan processing fee is: Ravi requests a Rs. 6,00,000 house loan from an ICICI Bank. Thus, the home loan processing charge on that sum would be computed as follows: Rs. 6,00,000 * 0.50% = Rs. 3,000. However, he needs to pay Rs. 3000 along with the applicable tax. 

Whether the loan is authorised or denied, the applicant must pay this non-refundable fee. You can get a home loan at a lower interest rate from the below link:

I hope you get the complete ICICI Bank home loan processing fee details.

I have had an account in ICICI bank for almost a decade now but never quite knew anything about the ICICI bank home loan processing fee until last year. I applied for a home loan last year and that is when I learnt about the ICICI home loan features. Let me share what is the processing fee for home loan in ICICI, its eligibility criteria and other aspects.

ICICI bank levies 0.50% - 2.00% of the loan amount or Rs. 3000/- whichever is higher as home loan processing charges. Plus the applicant has to bear the applicable taxes (including GST) and other statutory levies, if any.

Here are the home loan eligibility criteria in ICICI bank

• Both salaried and self-employed persons can apply for it

• Both residents and non-residents of India can apply for it

• Both salaried and self-employed persons can apply for it

• The applicant must be within 25-65 years old

• The applicant must be between 21-65 years of age

• Salaried applicants with 1 year of employment overseas

• Self-employed applicants with 3 years of experience in current business overseas

• The applicant must be between 21-70 years of age

• The beneficiary or his/her family must have an owned pucca house anywhere in the country

• The beneficiaries would include wife, husband and unmarried children

• Either of the married couple or both together can apply for a single subsidy

• Beneficiary/beneficiary’s family should not have applied for any other government scheme or other benefits as under PMAY

Some documents that you will need to furnish to apply for a home loan here are-

• Application form with the signature of the applicant

• Identity proof

• Age proof

• Proof of residence

• Processing fee cheque

• Income proof

• 3 or 6 months' salary slip

• Income Tax Returns receipts and more if needed

ICICI usually charges 2% of the outstanding principal amount but during festivals and more, they provide discounts as well so just check with the officials once before applying for a home loan.