ICICI Home Loan Details & Review-ICICI Bank is one of the biggest private banks in India. Initially there were lots of complaints regarding their customer services and hidden charges but over the time ICICI bank has taken lot of steps to improve their reputation. Regulators and government bodies have also taken lot of steps to bring transparency in the entire banking and related fields. Home loans are the primary source of funding for an average individual to purchase their home.
ICICI bank with its biggest network among private bank in India could be an excellent choice for you. The important details about their home loan plan are;
Advantage of ICICI Home Loan;
Wide range of product to choose from
Guidance throughout the process making home buying hassle free
Doorstep service at your comfort
Simplified documentation
Sanction approval without having selected a property.
Flexible repayment options
With a network of 2500 branches we are always close to you
Over 900 Bank Branches pan India for servicing of your loans
Free Personal Accident Insurance (Terms & Conditions)
Insurance options for your home loan at attractive premium
Check Your ICICI Home Loan Eligibility
Features of ICICI Bank Home Loans:
Your every need requires special care and attention. With ICICI Bank Home Loans, you will not only own your dream home but also enjoy protection from unwanted events in the future.
When it comes to your dream home, you would not like to settle for anything but one that suits your need. Enjoy your dream home with the features of ICICI Bank Home Loans.
Home Loan Amount
The home loan amount depends on your repayment capability and is restricted to a maximum of 80% of the cost of the property or the cost of construction as applicable.
Tenor
Maximum tenure of your home loan can be 20 years. However, in case of salaried customers it is capped at retirement age.
Home Loan Interest Rates effective from April 23, 2012
One year fixed rate
Ticket size slab Fixed rate for the first 12 months Floating rate pricing from second year onwards (from 13th month)
HL <= Rs. 3.0 million 10.50% 10.50%
HL > Rs. 3.0 million and <= Rs. 7.5 million 11.00% 11.00%
HL > Rs. 7.5 million 11.50% 11.50%
Two year fixed rate
Ticket size slab Fixed rate for the first 24 months Floating rate pricing from third year onwards (from 25th month)
HL <= Rs. 3.0 million 10.75% 10.50%
HL > Rs. 3.0 million and <= Rs.7.5 million 11.25% 11.00%
HL > Rs. 7.5 million 11.75% 11.50%
Three year fixed rate
Ticket size slab Fixed rate for the first 36 months Floating rate pricing from fourth year onwards (from 37th month)
HL <= Rs. 3.0 million 10.75% 10.50%
HL > Rs. 3.0 million and <= Rs. 7.5 million 11.25% 11.00%
HL > Rs. 7.5 million 11.75% 11.50%
ICICI Bank floating rate:
Ticket size slab floating rate pricing
HL <= Rs. 3.0 million 10.50%
HL > Rs. 3.0 million and <= Rs. 7.5 million 11.00%
HL > Rs. 7.5 million 11.50%
All ICICI Bank floating rate home loan is benchmarked to I-Base. Effective April 23, 2012 I-Base will be 9.75%
Administrative fee is 0.5% of the loan amount and applicable service tax will be levied.
The above rates are subject to change without notice.
Click Here To Know More and Check Your Eligibility
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