MyLoanCare is a FREE of cost service for borrowers

Get Cashback of Upto ₹1,000* on Home Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0

Compare HDFC vs ICICI Bank Home Loan

Download Comparison
Bank
Interest Rate
Interest Rate
6.70% - 8.20%
6.70% - 11.35%
Processing Fees
Processing Fees
Min ₹ 3,000;
Min ₹ 3,000;
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 7 Cr
Maximum Tenure
Maximum Tenure
30 Years
30 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 645
₹ 645
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
PLR
RLLR
Minimum Age
Minimum Age
24 Years
21 Years
Maximum Age
Maximum Age
65 Years
65 Years
For Women
For Women
Y
Y
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.5/5.0
4.1/5.0
Add Bank

Compare Home Loan EMI of HDFC and ICICI Bank

Loan Amount HDFC ICICI Bank
₹ 10 Lakh ₹ 6,453 ₹ 6,453
₹ 25 Lakh ₹ 16,132 ₹ 16,132
₹ 30 Lakh ₹ 19,358 ₹ 19,358
₹ 50 Lakh ₹ 32,264 ₹ 32,264

Which is a better bank for Home Loan – HDFC or ICICI Bank?

HDFC and ICICI Bank have the same interest rate on Home Loan, starting from 6.70%. Lowest EMI of HDFC is ₹ 645 for a maximum tenure of 30 Years. Lowest EMI of ICICI Bank is ₹ 645 for a maximum tenure of 30 Years.

How does HDFC Home Loan compare with ICICI Bank Home Loan?

It is important to do a detailed comparison of HDFC and ICICI Bank on all loan terms and conditions to understand their differences and make an informed decision. Keep in mind that each bank’s scheme has its pros and cons that have to be evaluated before choosing the best offer. Some of the key results of the comparison between the two banks are:

  • Lowest Interest rate of HDFC and ICICI Bank Home Loan is 6.70%. Hence, both banks are at par in terms of interest rates on Home Loan.
  • When compared to other Home Loan charges such as processing fees HDFC and ICICI Bank charge the lowest processing fees as Nil.
  • ICICI Bank is a with its Home Loan rates benchmarked to RLLR. HDFC is a with its home loan rates benchmarked to PLR.
  • HDFC has an average customer ratings of 4.5, while ICICI Bank has an average customer rating of 4.1, based on which it is clear that HDFC has a high customer service focus, an easy Home Loan process and a quick turnaround.
  • All these banks offer discounted schemes for women and hence, this factor will not be important in making the decision to borrow from HDFC or ICICI Bank.

Which bank offers a lower interest rate on Home Loan – HDFC or ICICI Bank?

The lowest interest rate for both HDFC and ICICI Bank on Home Loan currently starts from 6.70%, and hence, both banks are a good choice for potential borrowers.

Popular Search for HDFC Home Loan

Popular Search for ICICI Bank Home Loan

Compare HDFC Home Loan With Other Banks

Compare ICICI Bank Home Loan With Other Banks

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.50%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.99% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 6.90%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 6.95%.

    Invest Now
Home Loan News - Sep 2021
  • 2021-09-24 : ICICI Bank Revises Home Loan Interest Rate
    ICICI Bank has cut home loan interest to 6.70%. The lowest rate for salaried is 6.70% and self-employed is 6.80%. If a borrower has a low credit score then they will have to pay 7.40% of the principal amount.
  • 2021-09-24 : LIC Housing Finance Announces New Home Loan Rates
    LIC Housing Finance has slashed the home loan rate to 6.66% for loans up to Rs 2 crore. These rates will be offered to the borrowers who have a credit score above 700 and it is valid till November 30, 2021.
  • 2021-09-21 : HDFC Bank Introduce Festival Bonanza Offer
    HDFC Bank has come up with a festival bonanza offer which is valid till October 31, 2021. The lender has cut home loan interest rate to 6.70%, the special rate is linked to borrowers credit score.
  • 2021-09-20 : PNB Introduces Festival Bonanza Offer
    Punjab National Bank (PNB) has introduced a festival bonanza offer under which they reduced home loan interest to 6.80%. Also, the lender has waived off processing fees and documentation charges on all retail loans like home loans, personal loans, car loans, gold loans, property loans. These charges are valid till December 31, 2021.
  • 2021-09-17 : Bank of Baroda Slashes Home Loan Interest Rate
    Bank of Baroda (BOB) has introduced a festive offer #KhushiyonKaShreeGanesh. The lender has reduced the home loan interest rate to 6.75%. Along with a slashed interest rate the bank has also waived off processing fees.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
Loader
Please wait while your information is being processed...