ICICI Home Finance launches affordable housing loan scheme

ICICI Home Finance has launched a special affordable housing loan scheme, with special rates for women, lower and middle income groups. Called SARAL, it aims to fund homes in urban and rural areas.

About SARAL Scheme

• The loan requires compulsory ownership of a woman in the country’s rural areas from Rs 3 lakh to Rs 6 lakh.
• The maximum limit of the loan is Rs 35 lakh.
• The interest rate of the loan starts from 7.98%.
• The maximum tenure of the loan is 20 years. Customers with pre-existing loans can also transfer their loans.

ICICI Home Finance Company Limited

• ICICI Home Finance Company Limited Headquarters: Mumbai, Maharashtra.
• ICICI Home Finance Company Limited Chairman: Anup Bagchi.
• ICICI Home Finance Company Limited Managing Director(MD) & Chief Executive Officer(CEO): Anirudh Kamani.

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