ICICI Bank introduces loan for rural and women borrowers
(14 August 2015 – India) ICICI Bank, India’s largest private sector bank launched a rural housing loan with a special interest rate on 10 August.
The ICICI Bank Saral-Rural Housing Loan is for applicants from rural areas including women borrowers and seekers from weaker economic sectors.
The loan will be introduced at the ICICI Bank base rate, which is currently at 9.70 percent.
ICICI Bank executive director Rajiv Sabharwal said the bank was committed to support the socio-economic development of a larger section of the society.
“We believe that ‘ICICI Bank Saral-Rural Housing Loan’ will empower customers including women borrowers in the rural locations to realise the dream of owning a home at an affordable interest rate.”
The customers can avail the loan to purchase or construct or renovate a home in rural areas.
Weaker section and rural areas are defined by the Circular of Refinance Schemes for Scheduled Commercial Banks by National Housing Bank.
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