ICICI Bank Canada
Canadian subsidiary of India's ICICI Bank offering insured and conventional mortgages, with an iGlobal program for customers who already bank with ICICI Group abroad. Fixed terms run 1 to 5 years and variable terms 3 or 5 years. It lends Ontario, British Columbia, Alberta, Manitoba, Nova Scotia.
Prepayment-penalty method
Standard penalty (about three months' interest)
Breaking early is penalized at roughly three months' interest, an open-style penalty that is generally on the lower, more predictable end.
See what breaking a mortgage early could costWho it tends to fit
- Self-employed and business-owner borrowers
- Newcomers to Canada building credit here
- Buyers of rental or investment property
- Refinances and equity take-outs
General signals only. Approval depends on the full application; a lender that fits on paper still has to say yes.
What you can do with it
- Buying a home
- Refinancing
- Renewal or switch
Rate types
- Fixed rates
- Variable rates
Where it lends
Ontario, British Columbia, Alberta, Manitoba, Nova Scotia
Good to know
- Applicants with a past bankruptcy, consumer proposal or mortgage arrears are not eligible.
- High-ratio mortgages (5-20% down) require mortgage default insurance and are limited to properties under $1.5 million.
- Branches are in ON, BC, AB, MB and NS; applications are direct through the bank, not brokers.
How to reach ICICI Bank Canada
You deal with this lender directly, no broker required. This is educational information, not a rate quote; confirm current rates and terms directly.
Visit ICICI Bank CanadaEducational summary; rates, terms, and approval are set by the lender.
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Educational information about Canadian mortgages, not financial or mortgage advice. This tool is offered by Jordan Avery, Mortgage Agent (Level 2), Licence M23999999 · Maple Key Mortgages Inc., FSRA Brokerage Licence 13999 and operated by LenderSearch; figures are estimates. Confirm all rates, terms, and eligibility directly with the lender before acting.