What are ICICI Bank's home loan prepayment charges?
For floating-rate individual home loans used for non-business purposes, RBI rules generally prohibit such charges. Check ICICI’s current schedule and your own sanction letter for exceptions.
ICICI Home Loan Prepayment Planning
ICICI Bank Home Loan Prepayment Calculator
Illustrative floating rate reference, May 2026. Verify your latest ICICI Bank home loan rate before making a prepayment decision. Use this page to estimate how recurring prepayments can reduce your total interest and shorten your tenure.
Calculate My Exact Savings
Read the complete home loan prepayment guide
About the lender
ICICI Bank
ICICI Bank home loan borrowers often use part-prepayments to reduce long-tenure interest cost without changing the original EMI habit. Even small recurring prepayments can create meaningful tenure reduction over time.
Worked example
If you prepay ₹5,000 every month
Example assumes a ₹50,00,000 loan at 8.75% with 20 years remaining.
| Metric | Without prepayment | With ₹5,000/month extra |
|---|---|---|
| EMI | ₹44,186 | ₹49,186 |
| Total interest | ₹56,04,640 | ₹41,97,782 |
| Tenure | 20 years | 15 years 7 months |
| Interest saved | - | ₹14,06,858 |
| Time saved | - | 4 years 5 months |
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Frequently asked questions
ICICI Bank prepayment FAQs
How do I make a prepayment on an ICICI Bank home loan?
You can usually prepay through ICICI Bank servicing channels or branch support. Ask the bank to confirm whether the prepayment reduces EMI or remaining tenure.
Should I reduce EMI or tenure after an ICICI prepayment?
Reducing tenure generally saves more interest. EMI reduction is more useful if you need monthly cash-flow relief.
How much can I save by prepaying ₹5,000 per month on an ICICI home loan?
The answer depends on your exact loan terms. Use the calculator example below as a directional estimate and KlearPay for the exact savings.
