ICICI bank home improvement loans

Purpose – to facilitate improvement of a self-owned dwelling unit to existing or new customer.

Eligibility – Salaried and Self employed Indians are eligible for this loan.

Office Improvement Loan

Purpose – to facilitate improvement of a self-owned dwelling unit to existing or new customer.

Eligibility – Especially meant for self-employed professionals like Doctors, Architects etc.

EMI Under Construction

Purpose – This loan is offered for structuring a home loan to enable individuals to commence his EMI in a partly disbursed under construction project. Commencement of EMI ensures re-payment towards principal amount leading to savings in interest and faster repayment of the loan.

Eligibility – can be availed by Resident Indian whether Salaried or Self-Employed and also by Non- Resident Indian. Can be availed by Resident Indian whether Salaried or Self-Employed and also by Non- Resident Indian.

Term of loan – The tenure of the loan keeps moving up with additional amount being disbursed.

Checklist before you opt for your ICICI Home Loan

  • Calculate your EMI to understand how it will affect your monthly budget
  • Understand your home  loan eligibility before you apply for a loan
  • Compare the interest rates of various bank offers
  • Evaluate the total loan cost (processing fee + service charges + total interest outflow)  you would pay for each offer and zero in on the offer that gives you the least total interest outflow.

Also Read

Leave a Reply

Your email address will not be published. Required fields are marked *