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ICICI Bank
ICICI Bank
3.5 on 5 from 3 ratings

Loan Details

Loan Amount
0 lakhs -
75 lakhs
75 lakhs -
100 lakhs
Effective Interest Rate p.a.
10.25%
10.5%

About the ICICI Home Loan

ICICI Home Loan Products

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ICICI Bank is India's largest private sector bank. ICICIrnBank was originally promoted in 1994 by ICICI Limited, an Indian financialrninstitution, and was its wholly-owned subsidiary.

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The Bank has a network of 3,377 branches and 10,943 ATMs inrnIndia, and has a presence in 19 countries, including India. ICICI Bank offers arnwide range of banking products and financial services to corporate and retailrncustomers through a variety of delivery channels.

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1% cash backrnscheme

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ICICI Bank Home Loan offers a unique plan where you get 1%rnCash back on every EMI for the entire tenure of the loan. That means you canrnsave over http://www.icicibank.com/Personal-Banking/loans/home-loan/home-loan-cash-back/images/rupee3.png3, 50,000 on a home loan of http://www.icicibank.com/Personal-Banking/loans/home-loan/home-loan-cash-back/images/rupee3.png50 lac and for the tenure of 20rnyears when you adjust this cash back against your principal. The 1% Cash backrnsaves your money or effectively reduces your home loan tenure.

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Home Loan Amount


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The home loan amount depends on your repayment capabilityrnand is restricted to maximum of 80% (90% in certain scenarios) of the value ofrnproperty as applicable.

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Tenure:
rnMaximum tenure of your home loan can be 20 years. However, in case of salariedrncustomers it is capped at retirement age.

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Eligibility:

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  • Yourn must be at least 21 years of age on sanction of the home loan
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  • Thern loan must terminate before or at 65 years of age or age of retirement,rn whichever is earlier.
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  • Yourn must be salaried or self-employed with a regular source of income
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  • Minimumrn age of co-applicant should be 18 years
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Land Loan


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Land loans give an opportunity to individual customer tornpurchase a residential plot of land to do self-construction. Thus, customer canrnnow invest in a plot of land & build in future. The Land loan can bernfinanced only within municipal limits of HUB locations or in case of directrnallotment outside municipal limits by DA.

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NRI Home Loan


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These loans will help all the Non Resident Indians tornPurchase a house, construct a dwelling, buy a plot of land and renovate thernexisting dwelling. These loans are attached to following benefits:

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Benefits:

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  • Attractivern interest rates on a monthly reducing basis.
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  • Choicern from fixed and floating interest rates.
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  • Part–prepaymentrn facility for zero fees.
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  • Freern personal accident insurance to the extent of loan outstanding.
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  • Doorsteprn service in India till disbursement.
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 Bank sanctions a loanrnbased on following conditions:

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Eligibility Criteria

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Below mentioned criteria are a small description ofrnmandatory conditions and there are other conditions that might be consideredrnbefore confirming eligibility. Customer needs to contact bank for more details.

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Age

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  • Yourn must be minimum 21 years old.
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  • Forrn NRI applicant, maximum age limit is 60 years or retirement age (whicheverrn is earlier) at the time of loan maturity.
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Residential status

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  • Ifrn salaried applicant, you should have been abroad for a minimum period of 1rn year.
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  • Ifrn self-employed applicant, you should have been abroad for a minimum periodrn of 3 years.
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Income:

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  • *rn Tenor between 11–15 years, minimum qualification to be Diploma/ Graduatern with minimum 3 years of employment abroad or professional qualificationrn with 1 year of employment abroad.
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Charges associated with the loan: Processing Fee: 0.5% of the loan amount + applicable Service Tax &rnSurcharge.

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