Features of ICICI Bank Money Saver Home Loan
- Follow Processing of a Normal Home Loan
- A current or Saving Account Linked with this Money Saver Home Loan
- Money Parked in this linked account will reduce your interest portion of your home loan
- Per day Interest calculated
- you may use your Parked money any time.
For an Example, You Have taken a loan of 20 lakh at 8.75% for 240 months.
Your EMI for first month is 17675/- with interest of 14583 & principle amount is 3092.
Suppose you have parked 5 lakh rupees in you linked account. Now your EMI of 17675/- is same but interest part reduces to 10994 rupees & principal part increases to 6681/- for the first month. Now you have saved 3589 interest. It reduces your effective outstanding of your loan.
For More details & to avail this product, contact our team at +91-9616502044 , +91-8840176804