Home loan products

1. HOME LOAN PRODUCTS
Home Loan Products Available In ICICI BANK

2. Introduction:
 Home loan: Home loan is an amount an individual borrows from a
financial institution such as a housing finance company to buy a new
or a resale home, construct a home or renovate or extend an existing
one.

3. Home Loan In ICICI BANK:
 Home Loan In ICICI Bank: ICICI Bank Home Loan is your one stop solution for
owning your dream home. Whether you want to purchase a house or construct a
new one, we offer a wide range of products well suited to meet your housing
loan requirement . We offer affordable home loans at attractive rate of interest
rates for tenure up to 30 years.

4. Why Home Loan From ICICI:
 An advantage of a Home Loan with a low interest rate starting from 6.70%,
with a tenure up to 30 years offered by ICICI Bank Home Loans would have
less or no effect on your current lifestyle. A Home Loan benefit can help you
save money annually, as a Home Loan is eligible for tax deduction under
section 80C.

5. Documents Needed For Home Loan:
Main Documents Needed For
Home Loan in ICICI Bank
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6. Key Features of ICICI BANK Home Loan:

7. Types Of Home Loans In ICICI Bank:
 Basic Home Loan
 Home Construction Loan
 Home Extension And Improvement Loan
 Home Loan Balance Transfer
 Pradhan Mantri Awas Yojana (PMAY)

8. 1.Basic Home Loan:
 The standard Home Loan is the most popular type of loan people take for fulfilling
their dream of purchasing a home. After the purchase, you can then repay the
loan to the lender through monthly instalments.
If you meet the eligibility criteria for the loan, the lender can approve up to 80%-
90% of the cost of the property as a Home Loan.

9. 2.Home Construction Loan:
 If you already own a piece of land and would like to build your dream home
on the same, you can consider a home construction loan. Unlike a basic Home
Loan where the lender makes a lump sum payment of the loan amount, a
home construction loan is generally disbursed in instalments based on the
progress of the construction project.
 The amount approved for a home construction loan is generally based on the
approximate construction cost.

10. 3. Home Extension And Improvement
Loan:
 One of the most popular types of Home Loan is a home extension or
improvement loan. If you already have a home but want to add a room or
maybe a floor to it, a home extension loan can help. Similarly, home
improvement or renovation loan is used for renovating an existing home.
 A home extension or improvement could easily cost lakhs of rupees. These
loans ensure that you can expand or renovate even if you currently do not
have adequate savings.

11. 4. Home Loan Balance Transfer:
 If you have already taken a Home Loan and are repaying it now, you have the
option to switch to a different lender. Borrowers generally do this in cases
where they can get a Home Loan from a different lender at a lower interest
rate.
 But before transferring your Home Loan, do consider the actual savings as the
new lender might have costs like processing fees and more

12. 5. Pradhan Mantri Awas Yojana (PMAY):
 With the Credit-Linked Subsidy Scheme (CLSS) under PMAY, first-time
homeowners can get Home Loans at subsidised interest rates. This can allow
you to save as much as Rs <2.67> lakh on the Home Loan. There are
additional benefits like extended loan tenure of up to <20> years available
under this facility.
 Only banks registered under the scheme are eligible to offer this subsidised
loan. If you are a first-time property owner and looking for a lender, do
consider one that is registered under this PMAY scheme to avail of the benefit

13. Home Loan Rates From Different Banks:
Bank Loan Amount
(in Rs)
Intrest Rate Tenure
State Bank of India
(SBI)
30-70 lakh 8.50-8.80% 15-20years
HDFC Bank 30-70 lakh 8.55-9.25% 15-20years
ICICI Bank 30-70 lakh 8.35-8.80% 15-20years
Kotak Bank 30-70 lakh 8.35% 15-20years
Punjab National
Bank (PNB)
30-70 lakh 8.35-8.45% 15-20years

14. Options Available In Market For Getting
Cheapest Home Loan:

15. Logo Of ICICI Bank:

16. Thank You Everyone 😊