ICICI Bank is one of the largest home loan providers in India. It offers a home loan at very attractive rate of interest with lots of benefits like free personal accident insurance, no prepayment charges on home loan, doorstep service, etc.
The bank provide home loans ranging from Rs.2Lakh to Rs.1Crore that suits to everyone needs. The loan is available for the first purchase in ready construction, under construction property, purchase in ready sale, self construction and extension of existing house.
ICICI Bank also provides Land Loan, Home Improvement Loan, Office Premises Loan, Home Equity Loan, Balance Transfer, EMI Under Construction, Property Overdraft, Lease Rental Discounting, etc.
Features-
1.ICICI bank finance up to 80% cost of the property
2.Option to choose between fixed and floating rate of interest or the combination of both fixed and floating rate of interest.
3.Loan repayment tenure is ranging from 5 years to 25 years.
4.Free personal accident insurance
5.Insurance option for home loan at very affordable rate of premiums.
6.No prepayment charges for home loan
7.Doorstep service for home loan documents
8.Option to add the income of spouse and children to enhance loan eligibility.
Eligibility-
1.Available for Indian Resident (salaried and self employed) and also available for NRI (salaried only)
2.Minimum age is required 21 years at the time of loan sanctioning.
3.Loan repayment is permitted up to 65 years of age or before retirement.
4.Regular source of income
5.Processing fees is 0.5% loan amount or Rs.2,000/-, which ever is higher.
Required Documentation for Home Loan-
For Salaried-
-Application form with photograph
-Identity Proof
-Residential Proof
-Income Proof
-Bank Statement
-Signature Verification Proof
For Self Employed-
-Application form with photograph
-Identity proof
-Residential proof
-Proof of business existence
-Detail of business
-Bank Statement
-Last 3 years IT Return receipt
-Signature Verification Proof
Tags: doorstep service, home equity loan, home improvement loan, home loan providers, income proof, office premises, personal accident insurance, prepayment charges, proof proof, signature verification