Want to apply for a home loan? ICICI bank has a wide rage of home loan products at very competitive prices. The bank is sizebly one of the top banks in the nation and has built its reputation from years of its existence.
Under the umbrella of loan products, one of the most important loans to be offered after home loans are plot or land loans. These loans are quite similar to home loans in many aspects, but do have one core difference. While home loans are meant or financing the cost of construction or purchase of a new / existing house, a land / plot loan is taken to purchase a piece of land on which construction will be done thereupon.
In India, where land is purchased dominantly for investment purposes, land loans are one of the massively popular loan products being offered by multiple banks. If you too are planning to purchase a piece of land for yourself, a land or plot loan is what you are looking for. Among the many leading banks in India which offer plot loans to customers, is, ICICI.
Considering the rising cost of real estate, it is not often feasible to purchase land with the help of one’s own savings. This is where the ICICI Plot Loans come in. These land loans have been designed to help you financing the cost of a piece of land, which you wish to purchase for residential purposes. With favorable tenure and repayment terms, ICICI plot loans make a great choice to help you on your way to build your dream home.
Features & Benefits of the ICICI Plot Loan:
Given below are some of the salient features of the ICICI Plot Loans, which you may benefit from.
You may avail this loan to purchase a plot of land today, in order to construct a residential structure on it in the near future.
With the ICICI Plot Loan, you get a time period of two years, from the date of the first loan disbursement, to finish construction of property on the land in question.
Eligibility:
Following is the eligibility criteria required to avail an ICICI Plot Loan.
Applicant must be an Indian resident.
Applicants may be salaried or self-employed individuals.
This loan is also open to non-resident Indians (subject to terms and conditions).
You may avail this loan only to purchase land which is located within the city municipal limits of specified locations OR for land directly allotted by the concerned development authority (outside municipal limits).
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I have taken home loan from ICICI Bank, my loan was sanction on time and its going to be disbursed soon. The amount of the loan is 18 lakh . the bank informed me that for construction plan I have to pay for 3 lakh. The interest rate is 8.65% but the bank will be reducing the rate by 1.5% from next month.
I hand applied for the Home construction loan @ Rabakavi Branch, Karnataka. We provided all the legal & Income documents. Loan got approved but they dragged it for 4 Months for the final steps and did not disburse finally saying legal issues which are absurd.
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15
Chetan Adivinnavar
, rabkavi banhatti
Reviewed on Mar 14, 2020
ICICI Bank, they offered me a home loan and the loan amount was Rs. 35L. The rate of interest as per the market rate but they keep on changing. I opted for the tenure period of 15 years and i am paying EMI of 40K since have an account in this bank so i got this offer.
I have taken home loan directly through ICICI Bank.I have taken this loan for house construction purpose.The rate of interest and the processing fee was less .This loan was sanctioned immediately and paying the premium on EMI basis .Everything was smooth and there was continuous callback and follow up from bank end.
I have taken home loan directly trough ICICI bank.The rate of interest and the processing fee was quite nominal .The loan amount got sanctioned on time without any delay .This loan is still active on my account. Banking service was much comfortable and satisfactory.
I have availed home loan directly through ICICI Bank .The rate of interest and the processing fee was very less.This loan is still active and i have not received the loan on time. It took almost 1-3 months very long process and i went to bank and given all documents. Customer service need to improve and it is not recommended .
I have taken home loan from ICICI Bank. My Instalment is of Rs 44,000/-. I lowered my Instalment Amount from Rs 44000/- to 34207/-. But Bank deducted Rs 44,000/- from my saving and adjusted Rs 34207/- and showing Rs 9793/- as excess received. Now the amount is Excess with Bank and Bank is demanding as 9.05% interest on my Principal Due including Rs 9793/- as excess deducted. I requested Bank to adjust my Excess deducted amount from my Principal Due from the date it was deducted from my account. Bank is refusing to adjust the same from the date it was deducted. I also requested Bank to refund my money back with interest, as i have to pay 9.05% interest on amount excess deducted. Bank is also refusing for same.
No body knows, that how much bank is having excess amount like this, which they have excess deducted from the customer account and not refunding it back to customer and also demanding interest on them.
It is one of the WORST BANK of INDIA. I request everyone to be careful.
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13
RAMAN SHARMA
, chandigarh
Reviewed on Jan 21, 2020
I have chosen home loan from ICICI BANK Since I am holding a salary account with them so got this loan offer. When I check with the builder, they had a three option in that i have chosen this bank. I had applied the loan amount of Rs. 30 lakhs and they have sanctioned the same amount. Processing fee was a nominal one. In the year 2015, I got the loan with the tenure period of 30 years.
I have availed home loan directly through ICICI Bank .The rate of interest and the processing fee was very less.This loan is still active and got the loan amount on time without any delay.I have just uploaded the documents throuhg online .I am really satisfied with the service.
I have taken a home loan from ICICI and the rate of interest is much high compare to the market scenario and i have done a balance transfer to SBI where they have offered me a less rate of interest 8.5% and EMI is Rs. 47,000 with the tenure of 25 years. Customer service and responsiveness was good.
I had applied for a home loan with ICICI Bank. They have taken my documentation and also completed the verification as well. The loan amount was Rs. 8.75 lakhs and the rate of interest was 8.6% i am happy with the interest.I received this loan instantly and i applied this loan through online channel.There is no pre closure charges.
I have taken home loan directly through ICICI Bank.The rate of interest and the processing fee was medium.I have got the loan sanctioned on time .The documents was very less and each and every detail was shared clearly by the agent .This loan is still active and there was no difficulties faced so far.
My home loan was taken from ICICI and they have deducted my EMI even before given the cheque to me. I have taken the loan amount of Rs. 40 lakhs in the year of 2012. Even before given the cheque to the builder they have taken the EMI amount of Rs. 55000 except processing fee. The loan has a tenure period of 10 years.
My home loan was taken from ICICI because i am a banking customer of ICICI from the year of 2012. I purchased the loan amount of Rs. 18 lakhs and i have been paying the EMI amount of Rs. 14900. I have selected the duration of 30 years. They have sanctioned the loan within 10 days.
ICICI bank has provided me a home loan at the time of i want on a immediate basis. Since the necessity is over they have provided me a timeliness loan. I taken the loan amount of Rs. 10 lakhs and the have charged me a higher interest rates which i'm not comfortable with.
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4
DIVYESH PRATAPBHAI FERFA
, mumbai
Reviewed on Oct 05, 2019
I am running a home loan with ICICI BANK and making the payments time to time from last 3 years. They have provided me 31L to purchase residential property but the loan process and services are not good, whatever I enquire they don't know that. The interest rate was very good.
I have chosen ICICI BANK for a home loan because they have provided me maximum fund and supportive. The loan duration is 10 years. I can do partial payment and foreclosure with some charges. The interest rate is okay and the processing fee is also normal.
I took new housing loan from ICICI bank, they approved the loan amount of Rs.26 lakhs with the duration of 10 years. They taken some stamp duty and processing fee from the disbursement, they have balance transfer part payment and foreclosure.
I have applied the home loan from ICICI bank since i have a salary account with them. In the branch, the approach is not good and they are not interested to provide the loan to the customer. I had applied the loan amount of Rs. 21 lakhs and they asked me to submit the documents once i given the same, they said they cannot able to process the same because they will give only for CITI side house.
I got the good option in CITI bank when i chosen the home loan. I purchase the loan in the year of 2006 but the interest rate is high. I applied the loan amount of Rs. 6.5 lakhs for that they have given me a interest rate of 11%. I have closed the loan in 2013. I have pre-closed the loan with the additional charges of 3%
