Why Choose ICICI Bank Home Loan for Your Dream Home

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Why Choose ICICI Bank Home Loan for Your Dream
Home
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When a home buyer takes a home loan from the best
lender, from the application to repayment, the
whole journey becomes smooth. One of the such
trusted banks of the nation for home loans is
ICICI Bank.  
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'Industrial Credit and Investment Corporation of
India' commonly known as ICICI bank is the second
largest bank in India by assets and by market
capitalization.
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This bank provides credit products of various
kinds such as personal loan, auto loan, home loan
etc. ICICI bank home loan is one of the best
products of ICICI bank.  
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• Here are the reasons which make an ICICI Bank
  home loan worth of choice
• Interest Rate Based on MCLR
• MCLR based interest rates are always lower than
  the fixed rate of interest.
• ICICI bank provides a competitive interest rate
  on home loans.
• This banks has lowered its MCLR by 0.10 to 8.2
  which is directly benefiting the borrowers.

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• Minimal Documentation
• The house loan taken from ICICI bank is very easy
  in processing.
• The bank demands only the basic documents which
  almost all of us possess.
• The minimal documentation makes a home loan from
  ICICI bank one of the best home loans.

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• Fast Processing
• Home loans in India have become faster and easier
  with the internet access in the finance sector.
• One can apply for a home loan through TABLET and
  Smartphone applications which ensures faster
  approval of your home loan.

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• Top-Up On Home Loans
• A Top-up home loan is a facility which can be
  availed by the borrowers who have transferred
  their loan to ICICI along with the regular
  borrowers.
• The top-up loan is a multipurpose loan which can
  be used for any purpose.
• The interest rate on a top-up loan is always
  certain to be less than the general multipurpose
  personal loans.

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• Long Tenure
• ICICI bank offers its customers to avail a tenure
  as long as 30 years.
• When a person goes for a long tenure, his EMI
  becomes small.
• Paying an EMI which is small in amount can make a
  person live in his own home without bringing any
  change in his lifestyle.

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• Doorstep service
• Once you have applied for a home loan, the
  Relationship Manager will provide you with the
  rest of the services at your doorstep.
• The other formalities like submitting documents,
  signing the loan agreement etc are done at the
  home or office of the customer.

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• Online Access
• Once a person will apply for a home loan he will
  be given an access to his credit account.
• An online access is a useful tool to keep the
  loan on track.

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• Refinance Facility
• ICICI bank provides an option to the home loan
  borrowers of other banks to transfer their loan
  to ICICI bank at a nominal cost.
• One can transfer his costlier home loan to ICICI
  at any stage of the loan.
• A balance transfer of loan reaps the maximum
  profit when it is done at the earlier stage of
  the loan.

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• Pre-payment and part payment
• ICICI bank provides prepayment and part payment
  facility without any penalty.
• One can go for a part-payment or pre-payment once
  the lock-in period is over which is 18 months for
  home loans.
• If not one can even contribute a lump sum amount
  towards the principal repayment so that either
  the EMI or the tenure of the loan will go down.

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One can apply for a home loan from ICICI through
online marketplaces like Finance Buddha, which
will make the process even easier. Opt ICICI Bank
for home loans at its best and make your dream
home come true.