Best ICICI Home Loan in India

FOR IMMEDIATE RELEASE
Gurgaon, Haryana, India, Republic of (Free-Press-Release.com) January 27, 2012 -- ICICI Bank Home Loan proposes you the most opportune Home Loan plans to suit your needs. Home Loan ICICI Bank India presents unbeatable benefits to make certain that you get the best contract without any hassles.
Some of the key benefits of ICICI Home Loan:

• Attractive Home Loan Rates
• Simplified Documentation
• Wide range of approved projects to choose from
• No charges on part pre-payment of your Home Loan
• Top Up & Home Improvement Loan facility available on

Existing Home Loan

• Home loan amounts suited to your needs
• Home Loan tenure upto 25 years
• Doorstep Delivery of home loan papers
• Sanction approval without having selected a property.
• Free Personal Accident Insurance policies
• Insurance options for your home loan at attractive premium

Eligibility of ICICI Home Loan

• Home Loans can be availed by Resident Indian whether salaried or Self-Employed and also by Non- Resident Indian who are Salaried.
• You must be at least 21 years of age when the loan is authorized

• The loan must terminate before or when you turn [60 years for salaried] or [65 years of age for self employed] or before retirement, whichever is earlier.
• You must be employed or self-employed with a habitual source of income.

Documents required for ICICI Bank Home Loan

• Application Form
• Photograph
• Photo Identity Proof
• Residence Address Proof
• Signature Verification Proof
• Income Documents
• Processing Fee Cheque

ICICI Bank provides online automated tool to assist borrowers to compute their loan eligibility and affordable EMI. With ICICI Bank Home Loan amount depends on certain set parameters of the bank. An applicant may choose to club his spouses’ income to enhance the eligibility bracket. Repayment capacity takes into consideration factors such as income, age, qualifications, number of dependants, spouse's income, assets, liabilities, stability, continuity of occupation and savings history.
The loan amount is however, restricted to a maximum of 80% of the cost of the property or the cost of construction as applicable.
Also, when the company considers the amount to be financed the total cost, registration charges, transfer charges and stamp duty costs are included.
Home Loan of ICICI Bank: Interest Rates and Charges 2012
0-25 lacs------------------------------ 10.50%
25lacs – 75 lacs -----------------------10.75%
75 lacs + ------------------------------11.25%

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