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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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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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%
I have taken Home loan directly through ICICI Bank .The rate of interest and the processing fee was nominal .I have applied for the loan amount of 27 lakhs for the tenure of 18 years .I have got the loan amount on time and it was sufficient as well .While submitting the documents there was no drawbacks .
The process is simple hence i have chosen the Home loan from ICICI. It was done the loan in 7 days. So far i have taken the home loan 5 times in that 4 has been repaid and final one still going on. I bought the loan amount of Rs. 30 lakhs and the tenure period of 20 years. My previous loan was done a pre-closure one. They have charged me a pre-closure charges of 2 to 3% which is on higher side.
The rate of interest is low at the time of taking a loan when i compared to other bank and also they have a fore-closure options hence i have taken my home loan from ICICI bank. It was a 5 years loan and i have paid the entire amount in 2 years. The loan amount was Rs. 15 lakhs and they have provided me a loan within 20 days.
I have applied for a home loan with ICICI BANK because they are giving me good offer on the interest rate was around 8.5%. Their representative was very helpful and good to me but unfortunately I could not process this loan due to my personal reason from my end but still they have been keep following me and getting notifications too.
I have taken the home loan from ICICI and they are too good on any kind of commitment even they have given me some grace period to make the payment. I have already cleared the loan 5 years back. In face i have a savings account from them. Their interest rates are very reasonable and they come up with all the offers and some surprised discount will be there which customer looks into it.
I have a loan from ICICI. I have chosen ICICI because one of my friend is working over there and their interest rate is competitive in the market. They have disbursed the loan in 15 days. I'm not aware of the partial payment and pre-closure charges.
I was applied for a home loan in ICICI bank on a previous month which was processed through an online. The loan was sufficient for the tenure of 20 years. The rate of interest and fee are nominal. Due to some documents are not available so I have not processed for further.
I am using from lat 2 years, i have submitted the documents, i got the loan amount within a weeks time. The loan amount i got was within one shot, it is sufficient, the rate of interest was 8.30%, 8.6%. The duration for repaying the loan was 15 years.
Last 5 years i have a account with them hence i have chosen ICICI for my home loan. The loan amount is 13 lakhs which has processed in 5 days. I'm not sure about the interest rate provided to me. Through ECS, the EMI amount has been deducted. Total tenure period of the loan is 15 years.
I approached the bank directly when i purchased the loan. The service has been good and it took 2 months to sanctioned the loan. I got the loan 15 years back and the interest rate was 11 to 13.5%. Still the EMI is going since i have chosen the EMI for 20 years. I have been paying the premium of Rs. 20000 through net banking.
I applied for a home loan from ICICI Bank. I have not submitted my documents yet. I am businessman so ITR is pending. They did not inform me about rate of interest. Loan amount is very less. Their customer service is really good. I visited the branch one for the same reason. They had given me very clear information.
I have taken a home loan in ICICI bank for more than 6 months before which was applied directly to bank. The process was smooth but I have no get status update from banker. The amount was sufficient for the tenure of 25 years. The rate of interest and fee are average.
ICICI Bank people have contacted me for the home loan application and they asked to reach to the nearest branch I went there. They asked for some documents to take the loan on the land. I asked one month of time to submit the documents, I would say the bank response is good the interest is also economical.
I had applied for a home loan. customer service is not good i have not got clear information from customer service. Their rate of interest is very high not satisfied with the bank. I am not happy with the loan amount they said i am eligible for 15 lakhs only wherein i am not happy with the loan amount.
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