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iGlobal Mortgage Program

What is iGlobal Mortgage Program?

The iGlobal Mortgage Program consists of tailored banking solutions that give you exclusive access to privileged mortgage rates. The program includes mortgage1 with pre-authorised mortgage payments set-up from an eligible bank account2 with ICICI Bank Canada, plus one other eligible banking product by ICICI Group3.

 

Who are eligible?

The Mortgage Programs are available to customers7 for purposes of purchasing a home, refinancing a mortgage, or transferring a mortgage from another bank.

 

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Our Mortgage Rates

Mortgage Rates

 

Term Posted Rates iGlobal Rates
1-Year Fixed Closed 6.09% Contact our Mortgage Specialist
2-Year Fixed Closed  5.59% Contact our Mortgage Specialist
3-Year Fixed Closed 6.14% Contact our Mortgage Specialist
4-Year Fixed Closed 6.04% Contact our Mortgage Specialist
5-Year Fixed Closed 6.14% Contact our Mortgage Specialist
3-Year Variable Closed Prime6 + 1.00% Contact our Mortgage Specialist
5-Year Variable Closed Prime6 + 1.00% Contact our Mortgage Specialist

Insured Mortgage Special Rates
Term Posted Rates iGlobal Rates
5-Year Fixed Closed 6.14% Contact our Mortgage Specialist
5-Year Variable Closed Prime6 + 1.00% Contact our Mortgage Specialist

FAQs

What is the Global Mortgage Program?

The Global Mortgage Program (sometimes called the iGlobal Mortgage Program) is a special mortgage offering from ICICI Bank Canada designed for people with banking relationships in both Canada and another country through the ICICI Group. It gives you access to preferred mortgage rates and customised banking solutions when you apply for a mortgage.

What Mortgage needs are supported?

The Global Mortgage Program supports:

  • Purchasing a home
  • Purchasing an investment property
  • Refinancing an existing Mortgage
  • Switching or renewing a Mortgage at attractive rates

What kind of Mortgage options are offered?

ICICI Bank Canada offers a full range of Mortgage options, including Closed, Fixed and Variable-rate Mortgages, Conventional Mortgages and High-ratio Mortgages. Terms may range from one to five years. These options are available for both employed and self-employed applicants.

What is a Fixed-rate Mortgage?

With a Fixed-rate Mortgage, your interest rate stays the same for the entire term. This helps you plan your payments because you always know exactly how much you will pay and how much equity you will build by the end of the term.

What is a Variable-rate Mortgage?

With a Variable-rate Mortgage, your interest rate changes when the bank's prime rate changes. The benefit is that when interest rates go down, your rate may also go down, rather than staying locked at a single rate.

What is a down payment?

A down payment is the money you put toward buying a home. For a Conventional Mortgage, the down payment must be at least 20% of the home’s value. For a High-ratio Mortgage, the down payment can be as low as 5%.

What is a Conventional Mortgage?

A Conventional Mortgage is one in which the down payment is at least 20% of the home’s value.

What is a High-ratio Mortgage?

A High-ratio Mortgage is for people who have between 5% and 20% of the home’s price as a down payment. These mortgages may need insurance through Canada Mortgage and Housing Corporation (CMHC) or Genworth. The insurance premium is charged once, when the Mortgage funds are given. You can choose to add the premium to your mortgage and repay it over time.

How much can I borrow?

The amount you can borrow depends on things like your household income, your debts, the type of mortgage and your down payment. A mortgage specialist can help explain each factor in detail.

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  1. Mortgages are subject to meeting the lending criteria of ICICI Bank Canada. Other conditions and restrictions may apply
  2. Eligible bank account for iGlobal Mortgage Program include HiVALUE® Savings Account, Premium Savings Account, HiVALUE® Chequing Account, HiVALUE® PLUS Chequing Account and Basic Chequing Account.
  3. ICICI Group includes ICICI Bank Limited with its overseas branches & subsidiaries
  4. Rates are as of August 01, 2025. Interest rates are compounded half-yearly, not in advance and subject to change at any time without notice. Any discounts on mortgage rates are for new applications at the Bank’s discretion. No further rate adjustments are permitted within 5 business days prior to the advance date
  5. Insured rate is only available to customers with less than 20% down payment, purchasing a residential property valued under CAD 1,500,000, who are eligible for the mortgage default insurance and meet other conditions
  6. ICICI Bank Canada Prime Rate is 4.45% as of October 30, 2025. Variable rate and scheduled payment will vary automatically if and when the ICICI Bank Canada Prime Rate varies
  7. Customers with bankruptcy/consumer proposal/mortgage arrears in the past are not eligible for the mortgage programs

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