LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS

Read in App
Business News » Companies News

ICICI Bank launches new home loan 'Cashback' facility for its customers; This is what offer is

The new home loan 'Cashback', offers borrowers the benefit of 1% cashback on every EMI, for the entire tenure of the loan. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
ICICI Bank launches new home loan 'Cashback' facility for its customers; This is what offer is
ICICI Bank. Photo: Official FB Page
Written By: ZeeBiz WebTeam
Updated: Thu, Sep 28, 2017
12:21 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
SBI vs HDFC Bank vs ICICI Bank: This bank will give MASSIVE return under Senior Citizen Special FD Scheme SBI vs HDFC Bank vs ICICI Bank: This bank will give MASSIVE return under Senior Citizen Special FD Scheme
FD Calculator - SBI vs HDFC vs ICICI Bank: Which will give more return for your fixed deposit money? FD Calculator - SBI vs HDFC vs ICICI Bank: Which will give more return for your fixed deposit money?
SBI, ICICI Bank, HDFC Bank remain systemically important banks: RBI SBI, ICICI Bank, HDFC Bank remain systemically important banks: RBI
SBI, ICICI Bank and Yes Bank share price outlook I What investors can do - EXPLAINED SBI, ICICI Bank and Yes Bank share price outlook I What investors can do - EXPLAINED
ICICI Bank credit card, debit card holders delight! Get discount up to 50% on essential and luxury items | check details  ICICI Bank credit card, debit card holders delight! Get discount up to 50% on essential and luxury items | check details

Ahead of festive season, ICICI Bank on Thursday announced the launch of new home loan facility 'Cashback' for its customers. 

The new home loan 'Cashback', 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.

If you are thinking, how it will work, then we tell you. 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.

According to the official release, the new home loan facility empowers borrowers to select their preferred mode of cashback. They can choose to utilize the cashback to prepay the principal outstanding of their home loan or take credit in their ICICI Bank account.

Speaking on the launch, Anup Bagchi, Executive Director, ICICI Bank said, “Our new home loan offering offers a compelling and unparalleled benefit of 1% cashback on every EMI to customers. We believe that this proposition will propel customers to fulfill their aspirations of owning a home. “

Moreover, both residents as well as NRI borrowers are eligible to apply for the cashback home loan. Also, new offer is also available for other mortgage products like loan against property, lease-rental discounting and top-ups on existing mortgage loans.

At 1215 hours the shares of ICICI Bank were trading at Rs 274.30 per piece, down 0.71% or Rs 1.95 on BSE. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
ICICI BankCashback offerhome loanhome loan offercashback on home loan EMICashback featuresICICI Bank share priceBanking & Financial sector
RELATED NEWS
SBI vs HDFC Bank vs ICICI Bank: This bank will give MASSIVE return under Senior Citizen Special FD Scheme SBI vs HDFC Bank vs ICICI Bank: This bank will give MASSIVE return under Senior Citizen Special FD Scheme
FD Calculator - SBI vs HDFC vs ICICI Bank: Which will give more return for your fixed deposit money? FD Calculator - SBI vs HDFC vs ICICI Bank: Which will give more return for your fixed deposit money?
SBI, ICICI Bank, HDFC Bank remain systemically important banks: RBI SBI, ICICI Bank, HDFC Bank remain systemically important banks: RBI
SBI, ICICI Bank and Yes Bank share price outlook I What investors can do - EXPLAINED SBI, ICICI Bank and Yes Bank share price outlook I What investors can do - EXPLAINED
ICICI Bank credit card, debit card holders delight! Get discount up to 50% on essential and luxury items | check details  ICICI Bank credit card, debit card holders delight! Get discount up to 50% on essential and luxury items | check details

LATEST NEWS

Budget 2021 Expectations LIVE: Check latest news, updates, demands of India Inc. here

FAU-G mobile game launched in English, Hindi and Tamil language | Check more details about the game here

Budget in a Minute: What is GDP or Gross Domestic Product? Anil Singhvi explains in simple terms

Bitcoin, Tesla and US technology stocks were the two assets deep in the bubble territory indicated by Deutsche Bank

Tata Steel, JSW Steel, SAIL to Jindal Steel - Important trend sighted, check impact

Stocks in Focus on January 27: L&T, Can Fin Homes, Auto Stocks, Bharat Dynamics to Cholamandalam Financials; here are the 5 Newsmakers of the Day

Anil Singhvi’s Strategy January 27: Day support zone on Nifty is 14,125-14,150 & Bank Nifty is 30,900-31,000

Crackdown on income tax evaders! Critical notification by CBDT on evasion, Benami Property, Black Money - PAN, Aadhaar not needed, just do this online now

SBI vs HDFC Bank vs ICICI Bank: This bank will give MASSIVE return under Senior Citizen Special FD Scheme

SBI MF Retirement Benefit Scheme: 200% returns than FD! Term insurance of up to Rs 50 lakh! Should you invest? EXPLAINED

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved