Get Cash Back Of 1% on ICICI Bank Home Loan

ICICI is one of the leading private sector banks. It provides a cash back scheme on the home loan. 1% on every EMI will account for 11% of the total amount after thirty years which is the maximum limit of tenure. This amount is directed to the customer’s bank account. So the burrower will enjoy more benefit. The burrower can use the cash back money to cut down the remaining loan amount. A home loan with minimum term of 15 years is eligible for this cashback option. After the payment of EMI for 3 years or 36 months, one is eligible for the first cash back.  Usual interest rate of home loan in ICICI is 8.35% for women applicant and 8.40% for men applicant. Between the months of September and November, the bank announced 20% cash back for its customers for the credit and debit purchases up to Rs. 10000. This scheme is also valid for the loans raised against asset. (more…)

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Factors to Consider Before Taking a Home Loan

Many banks and Non-Banking Financial Companies (NBFC) may lower their interest rates, especially on home loans, owing to the festive season that is fast approaching from September to October. While many people go on to purchase their first home during this auspicious time, there are many factors that one will have to consider. This will help borrowers choose the best bank and get the best possible interest rate. In this article, we will look into the various factors that a homebuyer will have to consider before he/she applies for a home loan. (more…)

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