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ICICI Home Finance launches “SARAL” scheme for affordable house loan

Posted bySumit Arora Last updated on September 25th, 2024 11:23 am Leave a comment on ICICI Home Finance launches “SARAL” scheme for affordable house loan
ICICI Home Finance launches

ICICI Home Finance launches "SARAL" scheme for affordable house loan_4.1

ICICI Home Finance Company Limited (HFC) has launched “SARAL” scheme for a special affordable house loan for urban and rural areas. The beneficiaries are women, lower, middle-income customers and economically weaker sections, with a maximum household income up to Rs 6 lakh per annum.

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About SARAL Scheme:

The loan requires compulsory ownership of a woman in the country’s rural areas from Rs 3 lakh to Rs 6 lakh. The maximum limit of the loan is Rs 35 lakh. The interest rate of the loan starts from 7.98%. The maximum tenure of the loan is 20 years. Customers with pre-existing loans can also transfer their loans.

Important takeaways for all competitive exams:

  • ICICI Home Finance Company Limited Headquarters: Mumbai, Maharashtra.
  • ICICI Home Finance Company Limited Chairman: Anup Bagchi.
  • ICICI Home Finance Company Limited Managing Director(MD) & Chief Executive Officer(CEO): Anirudh Kamani.

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About the Author
Sumit Arora
Sumit Arora
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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

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