How to Get ICICI Bank Home Loan– ICICI Bank offers home loans to eligible borrowers at attractive interest rates starting from 6.90% p.a. With an extended loan tenure of up to 30 years and easy repayment options. Full waiver of prepayment penalty on floating rate loans ranging from 0% – 0.50% of the loan amount plus applicable taxes, lower processing fees and more. ICICI also joins the PMAY scheme, promoting home buyers with regards to home buying.
ICICI Home Loan Calculator
ICICI Bank Home Loan EMI Calculator is an easy-to-use and hassle-free financial tool that lets you quickly calculate your monthly installments with 100% accurate results every time. All you have to do is enter your preferred loan amount, interest rate, processing fee and tenure. Press “Calculate” to see the result.
The lowest interest rate of 6.95% per annum has been taken into account for this loan EMI example. Your final EMI amount may vary depending on the rate offered to you by the bank.
ICICI Bank NRI Home Loan
- Zero charges on part-prepayment
- competitive rates of interest
- Interest rates calculated on a monthly decreasing basis
- Processing Fee: Up to 2% of the loan amount plus applicable taxes
ICICI Bank Pradhan Mantri Awas Yojana
ICICI Bank offers Credit Linked Scheme CLSS to eligible beneficiaries under Pradhan Mantri Awas Yojana PMAY. This scheme is available to the beneficiaries under the following categories:
- Economically Weaker Section (EWS)
- Low Income Group (LIG)
- Middle Income Group – II (MIG – II)
CLSS can be availed by those customers who
- Buy New Flat / Property
- building a house
- Expand / expand an already existing house
- Improvement/change in the structure of an already existing asset
Benefits of PMAY Scheme
- Advance interest subsidy ranging between 3.00% – 6.50% on the outstanding principal.
- Loan subsidy up to a maximum of Rs 2.67 lakh, depending on the category the beneficiary is eligible for.
Features and Benefits of ICICI Bank Housing Loan
Home loan can be sanctioned before the property is selected
Really easy simplified documentation process and even faster documentation process for existing customers
You get the freedom to enjoy longer tenure with lower EMIs
The ‘Balance Transfer’ facility allows you to transfer your existing Home Loan taken from any other bank to ICICI Bank. This is for you to enjoy long term savings.
With ICICI Balance Transfer facility, you can enjoy additional top up loan amount. This can be up to 100% of the original home loan.
The home loan page of the bank offers unique online tools like eligibility calculator and EMI calculator. With the eligibility calculator you can find out the home loan amount you are eligible for, and the EMI calculator calculates the monthly repayment amount of the loan.
Selected customers can avail a pre-approved home loan.
Loan tenure available up to 30 years
icici home loan balance transfer
ICICI Bank gives its customers the privilege of reducing the EMI burden, and allows them to save by transferring their existing home loan scheme from any other bank to ICICI Bank. The balance transfer facility is very innovative and a very thoughtful gesture from the bank.