How The ICICI Bank Home Loan EMI Increases With Income?
ICICI Bank offers a wide range of home loan schemes for customers. And from them Step Up home loan is one such ICICI home loan that brings you a higher loan amount. Aren’t you happy with your loan eligibility and need to buy a 20% higher amount? Then apply for a Step Up ICICI bank home loan , read and now about the features of the home loan and its benefit on your payment. An affordable interest rate fixed to your borrowed amount! On ICICI Bank home loan the interest rate is charged to your borrowed amount based on the repo rate that is 5.15%. The effective home loan interest rate for the salaried borrowers range from 8.25% to 9.25% per annum. ICICI home loan interest rates are floating and changes with the bank repo linked lending rate. So, you can take the help of online EMI calculators for choosing a suitable tenure for it. And on the Step Up home loan ICICI bank charges the EMI lower at the beginning of the loan tenure. It is because the user can afford the high loan ...