India’s largest private sector bank, the ICICI Bank has launched scheme called ICICI Bank Saral-Rural Housing Loan scheme, with a special interest rate. Customers can avail of loans to purchase or construct or renovate a home in the rural areas. The loan would range from Rs. 5-15 lakh for a period of 3–20 years and the loan could be up to 90 per cent of the property value. The offer would be available in 189 cities across the country.
The scheme envisages the socio-economic development of weaker sections in rural areas. It empowers women borrowers in the rural locations to realize the dream of owning a house.
Facts about ICICI Bank
- ICICI Bank is headquartered in Mumbai, Maharashtra,India.
- The bank has subsidiaries in the United Kingdom and Canada.
- The bank has branches in United States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar, Dubai International Finance Centre and China.
- ICICI Bank was established by the Industrial Credit and Investment Corporation of India (ICICI) , an Indian financial institution, as a wholly owned subsidiary in 1994.
- ICICI Bank on January, 2015 announced the launch of the country’s first ‘Contactless’ debit and credit cards.
- ICICI Bank on January, 2015 launched banking services on Twitter, christened as ‘ICICIBankPay’.
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