ICICI Bank Mortgage Rates & Reviews
ICICI Bank Background
ICICI Bank Canada is a subsidiary of ICICI Bank Limited headquartered in Mumbai India. ICICI Canada was established in 2003 and offers a variety of services from retail banking to commercial and corporate banking. The bank has C$6.5 billion in assets in Canada and US$190 billion globally.
ICICI Bank Prime Rate
ICICI Bank's Prime Rate is used as the basis for many of ICICI Bank's lending products including variable rate mortgages, lines of credit, and HELOCs. Prime, or P, is normally combined with a spread to make up the final interest rate.
Current ICICI Bank Prime Rate: 2.45%
ICICI Bank Fixed-Rate Mortgages
| Term | Rate | Monthly Payment |
|---|---|---|
1-Year Fixed | 3.19% | $1,937 |
2-Year Fixed | 3.19% | $1,937 |
3-Year Fixed | 3.94% | $2,098 |
4-Year Fixed | 4.29% | $2,176 |
5-Year Fixed | 5.14% | $2,371 |
The rates shown are for insured mortgages with a down payment of less than 20%. You may get a different rate if you have a low credit score or a conventional mortgage. Rates may change at any time.
ICICI Bank Variable-Rate Mortgages
| Term | Rate | Monthly Payment |
|---|---|---|
5-Year Variable | 2.50% | $1,794 |
The rates shown are for insured mortgages with a down payment of less than 20%. You may get a different rate if you have a low credit score or a conventional mortgage. Rates may change at any time.