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 had done a balance transfer to ICICI BANK since i was looking for a lesser interest rate, the process had been simple and did not took much time. The interest rate was nominal but they had made some charges for the insurance without an intimation, the customer support response with them has also not been that good where the response has to get improved.
I had taken a HOME LOAN from ICICI BANK a long time back and the experience i had has been quite good. The loan amount has been sufficient and the interest rate with them had been less when compared with the other banks. There was no additional charges made by them. The customer support team of them had been very much approachable.
I found the interest rate is bit higher in ICICI compared to other banks, where it was 8.75% but have been charged 9%. Am still paying the premium for home loan and it was taken before 2 years. The total tenure is 20 years. My experience was good just documentation took lit longer. At the time of registration process, they failed to provide one document. There was a processing fee but they informed it will be waived off during the loan process and it does not happen.
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ABHISHEK KUMAR
, bangalore
Reviewed on Apr 23, 2019
I have taken home loan through ICICI BANK . This is one of the good experience i had and would suggest everyone to go for it if you are looking for any Home loan., because they have the reasonable interest rate. When i had gone to apply home loan they sanctioned the amount in just few days .
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0
ASHOK KUMAR BODAPUDI
, hyderabad
Reviewed on Apr 21, 2019
I have applied or the housing loan with the ICICI BANK the documentation process was simple and easy to get the loan they have given the 95% of value as a loan amount. The duration for repaying the loan is for 20 years and using from last 2 years. The rate of interest was 8.6% which was nominal.
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2
PANDIYARAJAN PANDIYARAJAN
, pune
Reviewed on Apr 19, 2019
ICICI gave me the long tenure of 15 years for the housing loan, they gave me best interest around 8.5% now it got revised to 8.8% for the loan amount of Rs. 30 lakhs, Based on the property my loan was pre sanctioned, the documentation was simple without too much of paper work.
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1
NAYAN NARESH PRAJAPATI
, thane
Reviewed on Apr 15, 2019
My home loan is with ICICI Bank. The services are excellent. I got a proper response and the paper work was taken on time. I did not face any inconvenience. The rate of interest and processing charges is nominal too. The after loan service is good.
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1
IJLAL HALIM KHAN
, mumbai
Reviewed on Apr 15, 2019
Recently I took one home loan from ICICI bank last fifteen days back , and I am satisfied with loan amount but rate of interest is little high and processing fee was nominal ,and my 8years tenure ,their customer service is good and response is also good ,
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0
GORRELA HARI TARUN KISHORE
, hyderabad
Reviewed on Apr 13, 2019
I have taken a ICICI BANK home loan the loan amount was Rs. 32,00,000 tenure is 20 years. The rate of interest previously they chareged 8.5% but now they increased to 9.5%. Preclosure charges is there but i am not sure about the charges. Documentation was simple executive collected,i received the loan amount within 1 month.Customer service is okay.
I have applied for the home loan previously with the ICICI BANK and changed it latter to the another bank. At the beginning the documentation prices was simple and easy added on that the rate of interest was 9% it was floating. The duration for repaying the loan is fro 20 years.
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3
SURENDRA RAMCHANDRA MASKARE
, mumbai
Reviewed on Apr 06, 2019
I experienced a very good customer experience in ICICI . Everything happened well before time without any delay,the loan amount was sufficient,based on the requirement they have given to me,and the rate of interest they have charged me up to 8.95% which is nominal for me,the processing fee they have charged me up to 0.5% which was nominal,so far i did not face any issue,still this loan is running.
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1
KAUSHIK SUTHAR
, ahmedabad
Reviewed on Apr 04, 2019
They have responded first when compared to the other banks so i have taken the housing loan with the ICICI BANK. The documentation process was getting the loan within15 days. The loan amount was good and the rate of interest was nominal 9.1%, the duration is for 20 years.
I hold my housing loan with ICICI bank for an while, i took loan 3-4 months back only,and the loan amount which they have given me was sufficient,and the rate of interest this month they have charged me bit high i felt, they have charged me up to 10.35% ,it use to float based on market price,and they have charged me high processing fee they charged me up to 10,000,which was high i felt,so far no issue,the loan came on time.
I experienced a very good customer experience in ICICI . Everything happened well before time . They thoroughly verified my property documents and sanctioned the loan within 20 days of time . Rate of interest is also within my comfort zone .
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1
SUDHIR DATTATRAYA DABHADE
, pune
Reviewed on Mar 27, 2019
While getting the ICICI home loan, Executives provides a different information about the interest rate . I was looking for more than 20 lakh but they have reduced the amount . They taken 4 months to sanction my amount . Really I though of cancelling this loan . Executive not informed me about the PM scheme also .
The interest rate is good but the communication was not satisfactory after the loan disbursement. I took the home loan in ICICI BANK before 13 years and the duration is 20 years. There was no processing fee at that period. They need to have proper followup.
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5
VASANTH KUMAR
, bangalore
Reviewed on Mar 19, 2019
I had been holding for home loan with ICICI bank previously,but now i have closed this loan,and the loan amount they have given me was sufficient,and the rate of interest they have charged me was nominal,even processing fee was nominal,but i face issue in closing this loan,as their process was delay.
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3
AMIT MUKESH SHUKLA
, bangalore
Reviewed on Mar 17, 2019
My home loan is with ICICI bank, earlier I had loan from PNB then I switched over to ICICI, the process was smooth. I got the better interest rate, they do have part payment , balance transfer, foreclosure options. The customer support is also good when it comes to handling queries.
I had a home loan with ICICI BANK and it was completed in 2015. The interest rate was equivalent to SBI and have no issues. The loan process was simple and they have provided me a good service. The processing has been charged which was very nominal.
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3
MUKESH KUMAR SINHA
, mumbai
Reviewed on Mar 15, 2019
I am very happy with ICICI, even I am working with Kotak, service deliverance wise they are great. Hence I took ICICI home loan whenever I call them they respond me back. Even when I took the home loan it was on 29th of march 2018, I done the balance transfer from AXIS to ICICI, I received the cheque in the name of Axis then I returned to the bank, I got the new cheque from ICICI. But they charged pre emi charges then I raised the complain after two months they reversed the amount its great.
