ICICI Bank has unveiled a new home loan ‘Cashback’, which offers borrowers the benefit of 1% cashback on every EMI, for the entire tenure of the loan. The offer is available for home loans with a minimum tenure of 15 years to both residents as well as NRI (non-resident Indian) borrowers.
The cashback will start to accrue from the first EMI itself. It will first get credited to the customer after completion of 36th EMI. Subsequently, after every 12th EMI, it will get credited to the customer. The interest rates for home loans start at 8.35% for women and 8.40% for rest of the borrowers.
ICICI Bank is India’s largest private sector bank by consolidated assets. The Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries in the areas of investment banking, life and non-life insurance, venture capital and asset management.
