ICICI Home Finance launches SARAL

ICICI Home Finance launches SARAL affordable housing loan

Special home loan rate for Women, Lower and Middle Income Groups

Key Highlights: -

·         SARAL affordable housing loan offers loans up to INR 35 lakhs

·         Interest rate starts from 7.98% onwards

ICICI Home Finance (ICICI HFC) has launched SARAL – an Affordable Housing Loan, aimed to fund homes in urban and rural areas. Developed for women, lower, middle income customers and economically weaker sections having maximum household income up to INR 6 lakhs annually. The SARAL affordable housing loan is available at an interest rate starting from 7.98% onwards, for a maximum tenure of 20 years. Customers with pre-existing loans can also transfer their loans to ICICI Home Finance’s SARAL affordable housing loan.

In a bid to encourage more women homeowners, ICICI HFC’s SARAL loan requires a mandatory woman ownership in rural areas of the country for a household income of Rs 3 lakhs to Rs 6 lakhs. Interested customers can walk into any branch with their KYC documents, proof of income and property documents or login to www.icicihfc.com and start the process. SARAL loan applicants can also avail of an interest subsidy up to Rs. 2.67 lakhs per house, under the Pradhan Mantri Awas Yojana (PMAY) scheme till March 31, 2021.

Speaking about the SARAL loan, Mr. Anirudh Kamani, MD & CEO, ICICI Home Finance, said, “Our SARAL affordable housing loan is a recent addition to our portfolio in an endeavour to offer customer friendly, affordable financial solutions to those seeking to buy their dream homes. We look forward to empowering more women across the country to transform themselves from homemakers to homeowners with this loan product.”

ICICI Home Finance has been taking proactive measures across 137 branches that have opened up across zones. This includes temperature screening of all visitors and employees before entering the branch, cleaning of common office spaces regularly, and placing of hand sanitizers at various locations, and having employees to use masks at all times. branches, including 15 zonal offices in the country

ICICI Home Finance Unveils Instant

ICICI Home Finance Unveils Instant Gold Loans

Fund transfer via NEFT/RTGS will aid quick disbursement

ICICI Home Finance has unveiled its Gold Loan scheme, packed with unique benefits such as instant disbursement via NEFT and RTGS making transaction safe and secure. Additional features of the ICICI Home Finance Gold Loan include bullet repayments that will help cut down the burden of an EMI, as well as a fixed interest rate throughout the loan tenure, and a foreclosure payment option, for those fraught with economic hardships during this Covid-19 pandemic. The ICICI Home Finance Gold Loan scheme interest rate ranges from 12% to 21% per annum, and the loan amount starts from Rs. 10,000 upto Rs.10 lakhs.

ICICI Home Finance’s Gold Loan can be availed in Tamil Nadu at any of the three ICICI Home Finance branches located in 2nd floor, AB-106, Old No :134, 4th Avenue, Shanthi Colony, Annanagar, Chennai-600040;3rd floor, M.T.Rajen's Square, Door No.40, Bazullah Road, T. Nagar, Chennai – 600017 and 2nd Floor, Door No. 20, Kakkan Street, West Tambaram, Chennai – 600045.

Each ICICI Home Finance branch has its own gold valuer, who can evaluate the value of gold in the customer’s presence. The application process requires the submission of KYC documents such as Proof of Identity and Proof of Address, PAN/Form 60, customer’s photograph and a blank cancelled cheque. Each branch’s sales team can review the application and disburse the loan on the spot.

Speaking about the Gold Loan scheme, Mr. Anirudh Kamani, CEO, ICICI Home Finance, said, “Our Gold Loan scheme has been developed to offer quick monetary assistance to those salaried and self-employed individuals running their businesses and families. Our Gold loans scheme ensures direct cash transfer in a secure way which can be used for payments related to Covid-19 medical care, school fees. It can be used as working capital for businesses and for any timely payments which are causing roadblocks during this period.”

ICICI Home Finance has been taking proactive measures at 135 branches that have opened up across orange and green zones, including temperature screening of all visitors and employees before entering the branch, cleaning of common office spaces regularly, and placing of hand sanitisers at various locations, and having employees use masks at all times.

*Terms and conditions applied.