ICICI Bank, largest private lender, has unveiled the country's first mortgage guarantee-backed home loan product. It will facilitate customers to increase the eligible amount by up to 20% and increase the tenure by up to 7 years. Moreover, the bank’s Extraa Home Loans can be availed only after paying a one-time mortgage guarantee fee to be paid at the start.
The bank has launched this product in association with the India Mortgage Guarantee Corporation and the product is targeting at middle-aged individuals and the self-employed.
ICICI Bank is India’s largest private sector bank. ICICI Bank’s subsidiaries include India’s leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank’s presence currently spans across 17 international locations.
Company Name | CMP |
---|---|
HDFC Bank | 1530.85 |
ICICI Bank | 1119.65 |
Axis Bank | 1161.75 |
Indusind Bank | 1459.75 |
Kotak Mahindra Bank | 1679.70 |
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