It was just an inquiry with ICICI in terms of home loan. Response was quite faster. The way the customer service executive explained the things was quite better. Rate of interest is quite the same.
10:05 AM - Jan 29, 2015
It was nice experience however when personally visited the branch, there is a huge wait, where it would take time for response. ICICI customer service team did approach in friendly manner in terms of home loan. It would be more comfortable if they address the customer queries at initial point of time and provides solutions.m
04:58 PM - Jan 28, 2015
ICICI provides personal banking to the customers. This bank prefers the customers to be flexible as well as provide doorstep services. They do fix the verification as well based on customer's requirements. It was all within short span of time. It was quite ok interest rate and comparable as well for home loan.
02:24 PM - Jan 28, 2015
With ICICI, I had a very nice experience in terms of home loan. There was good coordination between the customer service team and they were friendly in nature. Due to the property location changes, I was not in a position of availing home loan.
06:30 PM - Jan 28, 2015
Since my property was not approved by Noida Authority, I was not able to avail home loan from ICICI. Even at present, am not much interested. The experience whatever I had was so good.
04:32 PM - Jan 28, 2015
It was really good experience with ICICI in terms of home loan. There were few calls with customer service executive and the interaction was good.Interest rate provided is quite higher.
01:58 PM - Jan 28, 2015
I didn't much interact with ICICI as it was short time I had approached in terms of home loan. Rate of interest is quite the same like other banks. Due to the pre closure charges which was there, I didn't continue further.
06:13 PM - Jan 28, 2015
Am satisfied with ICICI services in terms of home loan. As am a existing customer, I am very well attached to the bank people. Since I had postponed the plan of availing home loan, I closed the application. Terms and conditions was pretty much ok.
03:41 PM - Jan 28, 2015
ICICI was like responding after 2 days of home loan application. Its a pre approval loan which was intimated on a delay. Charges are quite comparable like other banks. It would be better if they could respond to the customers on a timely basis.
12:40 PM - Jan 28, 2015
Availing home loan from HDFC limited is good. So far so now, the experience is quite good. Customer relationship officer are much interactive and provide a clear information. Its 10.15% interest rate which is quite ok. In terms of processing charges, I did face an issue where they had deducted incorrectly and there was no proper information.
06:13 PM - Jan 28, 2015
Personal experience with ICICI in terms of home loan was good. There was continuous follow ups as well as response provided. It was due to technical issues, I was unable to get home loan. Rates are competitive.
03:13 PM - Jan 28, 2015
I have a very long term relationship with HDFC limited in terms of home loan previously. That was the reason I approached HDFC limited. Even the response was faster.Processing was so easier and within a week, home loan had got disbursed. Everything was transparent.
12:39 PM - Jan 28, 2015
Are legally adult enough to handle it
Have still got it
Get a regular pay check
Make more than a basic buck
EMI limited to about 50%
of monthly income
Loan capped @ 75% - 85% on property value
EMIs of other loans lower
Making your spouse a co-applicant
Choose longer tenure loans of up to 20 - 30 years
Alternatively add your parents as co-applicants
|Interest Rate (Monthly reducing balance)||10% - 10.5%|
|Processing Fees||0.5% of Loan|
|Loan Tenure||1 year to 20-30 years|
|Partial pre-payment Charges||Nil|
As a welcome sign from RBI for banks to reduce rates, norms have been eased for applicants seeking home loans for low-cost housing. This means you can now easily get home loans with minimal conditions. RBI has also allowed banks to provide loans in return for long-term infrastructure bonds as security. However, this new rule and minimal conditions for home loan does not apply for home loans in case the long-term infrastructure bonds is in the name of other banks.
In short, getting to the actual amount of home loan disbursed, one can expect a maximum amount of Rs 10 lakh. The loan repayment period is fixed based upon the time duration of the maturity of the bonds which is pledged as a surety for the low cost home loan. This new rule comes on the back of the RBI’s recent decision to allow money lending against long-term infrastructure bonds raised by the banks. Further, the loans against such bonds do not have to comply with the mandatory reserve requirements.
1st December 2014