ICICI BANK OFFERS 1 % CASH BACK ON HOME LOANS

ICICI Bank Home Loan presents a unique offering where you get 1 % Cashback on every EMI for the entire tenure of the loan. That means you can save over  Rs. 3,50,000 on a home loan of  Rs. 50 lakh and a tenure of 20 years when you adjust this cash back against your principal.

Example :

The 1 % Cashback saves your money or effectively reduces your home loan tenure.

    Loan amount: 50,00,000

    Interest rate: 10.65 %

    Tenure: 20 years

    Total amount Paid (Principal + Interest) : Rs. 1,19,00,160

    Benefits if Cashback taken: In ICICI Bank account: Rs. 1,19,002

    Adjustment against principal outstanding: over Rs. 3,50,000

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