ICICI Bank is the largest provider of Home Loans in India. ICICI Home Loans offer unbeatable benefits to ensure that its clients get the best deal without any hassles. ICICI Bank Home Loans provide loans not only at competitive interest rates, but also are so designed that they cater to the specific needs of consumers.
New products / New features in existing products are introduced from time to time based on customer feedback. ICICI Bank offers easy home loans for purchase or construction of flat or house.
The benefits associated with ICICI Home Loans which give them an edge over other players in the market are:
- Attractive and customer friendly loan interest rates
- Loans as low as INR 0.2 million is available
- Term loans up to 20 years is available
- Loans come with a Free Personal Accident Insurance Policy
- Premium charged in case of insurance options for Home Loans is also attractive.
- Simplified Documentation
- Doorstep Service
- Home Loans can be sanctioned even before selecting a property
(All the above facilities are situational and subject to changes according to the company's discretion.)
With varied offering of house loans and home finance, ICICI Bank Home Loans provide a variety of options to its customers from which they can choose the one that suits them the best. The
various policies or terms of ICICI Home Loans are:
- Fixed Rate Home Loan
- Adjustable Rate Home Loan or Floating Rate Home Loan
- Partly Fixed and Partly Floating Rate Home Loan
- Smartfix Home Loan
- Moneysaver Home Loan
The other types of loans include Land Loans, Office Premises Loans, Home Improvement Loan and Home Loan for NRI. One can also leverage his/her existing property to get a Loan against Property, Property Overdraft or Lease Rental Discounting. All of these are available at a fixed rate or an adjustable rate of interest.
Another significant feature of ICICI Home Loans is that it allows the customer transfer the balance of his/her existing home loan from other banks. Moreover, the Home Loans are also liable to tax benefits.
Thus,for all good reasons mentioned above, ICICI Home Loans have been and will be the most sought after in the distant future.
