ICICI Bank offers a robust home loan product with interest rates that are generally on par with industry leaders like HDFC and SBI. The key for the borrower lies not in the "starting rate" advertised, but in the assigned to their profile. By maintaining a high credit score and understanding the reset mechanism of the floating rate, borrowers can leverage ICICI Bank’s financing to achieve their dream of homeownership at an optimal cost.
| Bank | Starting Rate (Salaried, 750+ CIBIL) | Reset Frequency | Processing Fee | | :--- | :--- | :--- | :--- | | | 8.85% – 9.05% | Every 3 months | Up to ₹10,000 | | SBI (Maxgain) | 8.75% – 8.95% | Every month | Nil | | HDFC Ltd | 8.90% – 9.10% | Every 6 months | Up to ₹5,000 | | Bank of Baroda | 8.70% – 8.90% | Every 3 months | Nil | home loan interest rate icici