ICICI Bank Mortgage Loans in Chennai

ICICI Bank offers flexible mortgage loan against property with best interest rates that is affordable to pay. This loan will be very useful to meet all your emergency money needs and surprisingly meet all your unexpected expenses. This multi-purpose loan can be re-paid at flexible tenure period which you can choose according to your repayment ability. Business people can opt for mortgage loans to bridge their financial needs such as for business expansion, purchase of machineries, promotional activities and many other purposes. You can take against any immovable properties that is situated in urban or semi-urban areas or properties in large cities.

Features of Mortgage loan from ICICI Bank

  • ICICI offers over 10 mortgage products to choose conveniently from with customized programs which suit the applicant
  • ICICI offers balance transfer facility with additional finance and this is very beneficial with huge amount to reduce the interest rates
  • You can take the maximum loan amount against on your property ranging from Rs.5 lacs to Rs.2 crores
  • The loan amount would differ with size and current market value of the property eligible.

Eligibility for Mortgage Loan Against Property

  • The applicant must be over 21 years for both salaried and self-employed
  • Salaried must provide salary slip as the proof of regular income and self-employed must provide proof of last 2 years IT returns
  • The applicant must be proper age proof, address proof, income proof and property documents

Documents Required for Applying

  • The applicant must have valid ID proof such as PAN card, passport, driving license which is applicable for both salaried and self-employed
  • The applicant must have valid address proof such as ration card, property tax receipt, voter's ID, current telephone bill, current electricity bill
  • As age proof, birth certificate, or 10 or 12th class certificate must be provided
  • In case of salaried applicant financial documents must be provided such as last 3 months bank statements, current salary slip with Valid Form 16
  • In case of self-employed, latest IT returns with in come computation certified by CA and higher education qualification proof must be provided

Mortgage loan against property is a hassle free process carried out by having relationship with well famed Banks.