But not, the brand new circulate isnt totally brand new and you may appear after when their opponent Axis Bank made particular waiver out-of EMIs on the family mortgage.

• ICICI Lender will bring 1% cash back for each EMI purchased home loan
• Offer is obtainable to own mortgage brokers with the very least tenure from 15 years
• ICICI Lender fees mortgage rate of interest starting from 8.35%

ICICI Lender enjoys circulated a mortgage business that gives borrowers an appeal of step 1% cashback on each EMI (equated monthly payments) it pay money for the brand new period of their finance.

The amount of cashback might possibly be often paid installment loan companies in Oasis UT to their ICICI Bank accounts or is modified facing principal outstanding of the funds.

The deal is available to own home loans which have at least period out of fifteen years. One another citizens together with NRI consumers meet the requirements to use into cashback mortgage.

Lower than this render, home loan individuals is actually empowered to choose its well-known setting off cashback

Currently, ICICI Bank fees rate of interest 8.35% for salaried woman borrower which have mortgage number around Rs 30 Lakh and you may 8.40% with other salaried class. For loan amount above Rs 30 Lakh, ICICI Bank costs 8.50% to help you lady borrower and you may 8.55% to anyone else.

The cashback number will be accumulated into the the EMIs into the earliest three years (three years) and you will credited at the conclusion of this era. Post this, cashback could well be credited annual up until the mortgage closing. Next, after each 12th EMI, it does rating credited on customers. (suite…)