Bangalore Housing

Housing / Loans / ICICI (Industrial Credit & Investment Corporation of India Limited)

ICICI

Eligibility criteria

EMI

NRI....

Eligibility Criteria

For an office premise loan:

You must be at least 21 years of age when the loan is sanctioned
The loan must terminate before or when you turn 65 years of age
You must be self-employed with a regular source of income
The loan can be for the purchase / construction / extension of a non-residential property
A loan for renovation or improvement will be given only at the time of acquisition of property
Professionally qualified and self-employed individuals (doctors, pathologists, chartered accountants, cost accountants, company secretaries, architects, engineers, consultants, lawyers, chemists) can apply
A minimum of 3 year’s work experience is a must
Minimum loan amount is Rs 1 lakh
Maximum loan amount is Rs 1 crore
Maximum tenure of the loan is 15 years
Finance up to a maximum of 85% of the cost of the property or the cost of construction is given
Loan for renovation cannot exceed 30% of the cost of the property