ICICI Bank has launched a credit facility against home loans for salaried customers. The Home Overdraft facility will enable a salaried customer to seek loans up to Rs. 1 crore for personal needs against his/her property.
Salaried individuals, who have a home loan and a salary account with ICICI Bank, are eligible to apply for the ‘Home Overdraft’ facility. Also, salaried borrowers of preferred corporates who do not have home loans with ICICI Bank can transfer their home loans to the bank to avail themselves of this service.
Source- The Hindu