We determine your eligibility after considering various factors, including your monthly income, your monthly financial obligations, your current age and your retirement age, among other things. To check if you’re eligible for our home loan, click here.

The EMI is calculated on the basis of specific factors like the amount of the loan, its tenure and the rate of interest.

To calculate the EMI for your home loan, click here.

A floating rate of interest is linked to a benchmark rate. As per guidelines of RBI, floating rate Home Loans from banks are linked to external benchmark rates. ICICI Bank’s floating rate of interest is linked to Repo Rate declared by RBI from time to time. So, rate of interest of your housing loan changes in line with the Repo Rate. As a result, the EMI or the tenure of your loan will increase or decrease, depending on the change in the rate of interest.

A fixed rate of interest on a home loan means that the rate of interest does not change throughout the tenure of the loan. So, the EMI will also remain fixed.

Yes, you can claim the amount paid towards the repayment of the principal and the interest components as deductions in your income tax return. The limits on the amount deductible are governed by the applicable income tax laws.