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ICICI Bank announces ‘Saral-Rural Housing Loan’

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ICICI Bank announced a new home loan proposition, ‘ICICI Bank Saral-Rural Housing Loan’, with a special interest rate.

Applicants from rural areas including women borrowers as well as seekers from weaker sections can avail home loans at the ICICI Bank Base Rate (“I-Base”). Currently, the ICICI Bank Base Rate is at 9.70%.

Under the ‘ICICI Bank Saral-Rural Housing Loan’ up to Rs. 15 lakh can be taken.

Rajiv Sabharwal, Executive Director, ICICI Bank said, “ICICI Bank is committed to support the socio-economic development of a larger section of the society. We believe that ‘ICICI Bank Saral-Rural Housing Loan’ will empower customers including women borrowers in the rural locations to realize the dream of owning a home at an affordable interest rate.”

The loan can be availed to purchase or construct or renovate a home in rural areas.

The key features of ‘ICICI Bank Saral-Rural Housing Loan’:

  • Rate of Interest: At “I-Base” which is currently at 9.70%
  • Loan amount: Rs 5 lac– Rs 15 lac
  • Loan Tenure: 3 years – 20 years
  • Type of loan: Floating rate home loan
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