Purchasing a home is a once in a life decision. Earlier, people used to save their entire life to fund a home. The affordability notwithstanding, almost all of us have a desire to have our own homes, right? Modern finances have paved the way for arranging the funds required for purchasing a home these days in the form of best Home Loan rates from many offline and online lenders.
If you have the required Home Loan eligibility such as good CIBIL or Credit Score, a consistent income source, clean repayment history, you can easily avail better-priced Home Loans in India. Availing a Home Loan also gifts you the benefits of tax benefits.
A credit score is an assessment of your financial performance. It takes your transaction history into account to validate your credibility for credit approval.
Here is a brief overview of what your credit score depends on:
Types of credit- The different types of credit you own such as credit cards, retail accounts, loans etc.
ICICI Bank, one of India’s largest home loan financiers, helps you own a house by offering support throughout the process and provide a loan based on your preference. In this article, we will highlight the important factors before selecting the perfect bank of your choice.
To understand the complexities involved in selecting the best home for you is a challenge in itself. ICICI bank understands how critical it is to choose the right home, and how important it is to you and your family when looking for a home. You have to view all your options, keeping in mind the factors that are important to you and start your search using reliable sources. ICICI Bank can help you with both new constructions as well as with resale property.
Repay your home loan in smaller EMIs and over a longer tenure of 30 years, depending on the situation of your finances
Avail attractive interest rates for different categories
To make ICICI home loan very lucrative and a sought after product of the bank, ICICI bank keeps introducing additional benefits schemes in a home loan from time to time. Some of the prominent benefits are as follows:
It is generally advantageous to take a housing loan as it would enable you to get tax exemptions. However, you must consult your CA/ income tax advisor to know the benefits/disadvantages in your specific case.
You can directly go to the bank or apply online on the bank website or you can also call the customer care service number. They will initiate the process by collecting and verifying your documents, your credit score, the value of your property for which you wish to take the loan and all other associated technical and legal terms. Once it is all done, you will be intimidated.
Call now for free expert advice: +91 95350 61366