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ICICI HOME LOAN BALANCE TRANSFER

ICICI Bank’s Home Loan Balance Transfer offers an effective solution for those looking to reduce their monthly EMIs and interest rates. With competitive interest rates, minimal processing fees, and a hassle-free transfer process, ICICI Bank makes it easier to manage your home loan finances and save on long-term costs.

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ICICI HOME LOAN FEATURES

  • Generous Financing: ICICI Bank offers home loans up to ₹5 crore*, providing substantial funding for various housing requirements.
  • Efficient Documentation: Enjoy a streamlined documentation process designed to reduce paperwork, accelerate approval times, and increase convenience for applicants.
  • Instant Provisional Sanction: Receive quick pre-approval for your home loan, enabling a smoother purchasing experience. *Terms and conditions apply. Approval depends on verification and final validation of submitted documents.
  • Flexible Payment Options: Tailor your loan repayment terms and tenure to suit your budget and lifestyle, ensuring affordability and convenience.
  • No Prepayment Charges: Benefit from the ability to prepay your loan without facing any penalties, giving you the freedom to clear your debt earlier and save on interest without extra charges.
  • Stable Fixed Interest Rates: Take advantage of fixed interest rates that ensure predictable monthly installments, giving you financial stability and peace of mind.
ICICI Home Loan Balance Transfer
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HOME LOAN BALANCE TRANSFER

  • Process: Digital application, instant provisional sanction, minimal documentation
  • Features: Transfer your outstanding Home Loan balance from another financial institution to ICICI Bank to benefit from a Repo Rate linked interest rate, available Top-up loan options, and extended tenure up to 20 years.

HOME LOAN TOP-UP

  • Purpose: Apply for a Top-up on your existing Home Loan for various needs such as home renovation, marriage expenses, business expansion, funding education, etc.
  • Features: Instant sanction with special fees, quick financial solutions in 3 clicks*, instant balance transfer with no documentation required, and 24-hour pre-approved Top-up Loan.

NRI HOME LOAN

  • Digital Platform: Apply online for Home Loans for buying, constructing, or renovating your home.

Features & Benefits:

  • Digital Sanction: Online approval in 5 simple steps.
  • Convenience: Funds disbursement through a power of attorney holder.
  • Variants: Loans for builder purchase, resale, plot purchase, or self-construction.
  • Tenure: Up to 30 years*.
  • Interest Rates: Attractive Repo Linked Interest rates.
  • Approved Projects: Database of ICICI Bank’s approved projects for selecting your home.
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LAND LOAN

  • Purpose: For purchasing land for building a home or investment.

Features:

  • Funding: Up to 70% of the market value.
  • Tenure: Up to 20 years.
  • Interest Rates: Attractive and competitive.
  • Documentation: Minimal requirements.

Eligibility Criteria for Land Loan

The criteria for qualifying for a Land Loan from ICICI Bank are based on the following aspects:

  • Loan Type: Land Loan
  • Age: Minimum age requirement is 20 years, with a maximum age limit of 70 years at the time of loan maturity.
  • Eligible Profiles: Open to both Salaried and Self-Employed individuals
  • Loan Tenure: Available for up to 20 years

Frequently Asked Questions

What is a Home Loan Balance Transfer?

A Home Loan Balance Transfer allows you to move your existing home loan from one bank to another. ICICI Bank offers this service with attractive interest rates, potentially lowering your monthly EMI and reducing the total interest payable.

What are the benefits of transferring my home loan to ICICI Bank?

By transferring your home loan to ICICI Bank, you can benefit from lower interest rates, flexible repayment options, and a streamlined documentation process. There are no penalties for early repayment, allowing you to clear your loan faster without extra charges.

How can I apply for a Home Loan Balance Transfer to ICICI Bank?

To apply, visit the ICICI Bank website or your nearest ICICI branch. Fill out the application form and submit the required documents such as your current home loan statements, identity proof, and address proof for verification.

What are the eligibility criteria for a Home Loan Balance Transfer to ICICI Bank?

Eligibility includes a good repayment track record on your existing home loan, stable employment history, and meeting ICICI Bank’s credit and income criteria. It’s advisable to check detailed eligibility requirements on the ICICI Bank website.

Are there any fees associated with a Home Loan Balance Transfer to ICICI Bank?

Yes, there may be processing fees and other charges associated with the balance transfer. These fees vary depending on the loan amount and specific terms of your agreement with ICICI Bank. Detailed fee information is available on the bank’s website or by contacting customer service.

Home Loan

Home Loan Transfer

Loan Against Property

Personal loan

Office Address

AAP KA BAZAR, GURUGRAM, GURUGRAM, HR-122001

Customer care working hours:

Monday through Saturday,
10:00 A.M. to 6:30 P.M.

Additional Information

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