ICICI Financial home loan: This is how far it can save you from% cashback
However, the newest circulate isnt totally brand new and you may appear after whenever their rival Axis Financial made some waiver regarding EMIs into family financing.
- ICICI Bank will bring step one% cash back on each EMI paid for financial
- Promote can be obtained having mortgage brokers with at least tenure away from 15 years
- ICICI Lender charge mortgage rate of interest including 8.35%
ICICI Bank keeps introduced home financing facility that gives individuals an appeal of 1% cashback on each EMI (equated monthly installments) they purchase the fresh new tenure of its finance.
The degree of cashback would be sometimes credited on their ICICI Bank accounts otherwise was modified up against dominating outstanding of its loans.
The deal can be found to have home loans which have a minimum tenure from 15 years. Both people plus NRI individuals meet the criteria to make use of with the cashback financial.
Less than that it offer, financial borrowers is actually energized to select their well-known setting of cashback
At present, ICICI Lender costs interest rate 8.35% to have salaried lady debtor that have home loan amount up to Rs 31 Lakh and 8.40% for other salaried group. To own amount borrowed a lot more than Rs 29 Lakh, ICICI Lender charge 8.50% to females debtor and 8.55% so you can anyone else.
New cashback number would-be amassed with the all EMIs toward earliest 36 months (three years) and you can paid at the end Bayou La Batre pay day loans of this period. Article it, cashback will be credited yearly until the mortgage closing. Then, after each twelfth EMI, it does score paid into the consumer.Read More »ICICI Financial home loan: This is how far it can save you from% cashback