ICICI Home Loan EMI

Surging real estate prices is often disheartening for the prospective home buyers, especially for those nearing their retirement age or for those belonging to medium and/or lower segment. Increase in property prices has never been in tandem with increase in salaries. In such dismal, often discouraging state of affairs, home buyers often look for banks that can provide them financial assistance so as to help realize their dream of buying a home. ICICI Bank can be one such financial institution, a name which sounds synonymous to ease and convenience when it comes to going through a hassle-free loan process and procuring the same with flexible terms and conditions and easy options. With a vast network of over 900 branches operating pan India, customers can benefit from a host of services provided by a dedicated staff of home loan experts who will guide the customers at each step, thus making it a smooth sail for them. Dedicated customer service, simplified documentation, door step service and flexible repayment options – what more a customer can ask for!

Apart from the above mentioned goodies, there is more in the kitty left! ICICI Home Loan EMI are famous for their easy and flexible nature that unlike other bank options doesn’t go heavy on the customers’ pockets. Known for the cooperation and understanding they extend to their customers, ICICI EMIs can be paid through Post Dated Cheques (PDCs) or Electronic Clearance System (ECS). In case the customer prefers the PDC method, 36 PDCs, dated on the 1st of every month have to be provided. This is where the flexibility part comes in wherein the bank provides the liberty of dating the cheques to 10th of every month in case the customer receives his/her salary later than 1st of every month.

It doesn’t ends here as much is left to be said about yet another feature the ICICI Home Loan EMIs comes with – the ICICI Home Loan EMI Calculator. This does away with the need to sit with a handheld calculator each time a customer feels the need to compute his EMI amount based on his changing financial condition. Based on his/her loan amount requirements, rate of interest and the number of years the applicant will take to pay the loan, installment per month can be calculated. Few more detail about the calculator – applicable for resident Indians only, a maximum of loan amount of Rs. 5 crores can be availed with a maximum of 30 % rate of interest payable up to 20 years.