ICICI Bank inks MOU with SARE Homes to offer special finance schemes

ICICI Bank has inked a memorandum of understanding (MOU) with realty major SARE Homes to offer special finance schemes for the real estate developer’s two upcoming projects. This initiative by India’s largest private sector bank will further facilitate home buying for a large number of customers.

In order to launch its two projects - SARE Crescent ParC and SARE MeadowVille, SARE Homes has offered customers an option to pay 20% of the booking amount for an apartment, an offer which would be available for a limited period in association with the bank.

Recently, the bank had entered into a strategic tie up with MMP Mobi Wallet Payment Systems, a 100% subsidiary of Tata Teleservices, one of the leading Mobile Network Operators in India, to launch a money transfer service.