Industrial Credit and Investment Corporation of India (ICICI) Bank has launched ‘Saral Rural Housing Loan’ Scheme for the weaker sections of society. The scheme is new home loan proposition of the bank with special interest rate to cater people from rural areas.
Key facts:
- Housing loan will be provided at the ICICI Bank Base Rate that known as (I-Base) which is currently at 9.70 percent.
- An eligible customer can avail of loan to purchase, construction or renovation of a home in the rural areas.
- The loan will range from 5to 15 lakh rupees for a period of 3 to 20 years and the loan can be up to 90% of the property value.‘Saral Rural Housing Loan scheme will be available in 189 cities across the country.
- With the launch of this housing loan scheme, the private bank seeks to support socio-economic development of a larger section of the society especially economically deprived sections
ICICI Bank launches ‘Saral Rural Housing Loan’ Scheme
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