“Processing fee charged even after loan rejected due to ‘internal policy’.” “Legal team flagged a small encroachment 10 ft away – delayed by 1 month.”
As of , ICICI Bank remains a leading provider of mortgage solutions in India, characterized by competitive interest rates and customer-centric features. Key Features of ICICI Mortgage Loans icici mortgage loan
: Borrowers can access significant funding ranging from ₹10 lakh to ₹5 crore , depending on the property's market value and the applicant's repayment capacity. “Processing fee charged even after loan rejected due
: ICICI Bank typically finances up to 70%–75% of the property’s current market value. commonly known as a
– Excellent for salaried professionals and balance transfer, but read the fine print on fees.
ICICI Bank's mortgage loan, commonly known as a , allows individuals and businesses to unlock the value of their residential or commercial properties to meet diverse financial needs. Core Product Features
| Fee Type | Amount | |----------|--------| | Processing fee | Up to + GST (waived or reduced for pre-approved offers) | | Administrative fee | ₹10,000 – ₹15,000 + GST (sometimes merged with processing fee) | | Late payment penalty | 2% per month on overdue EMI | | Prepayment / Foreclosure | No charge for floating rate loans (individuals) | | Conversion fee (switch rate) | ~ ₹5,000 + GST | | CERSAI fee | ~ ₹100 + GST | | Legal & technical valuation | Actuals (₹2,000 – ₹5,000) |