28 March 2019 – On Thursday, ICICI Bank launched two Instant Home Loan products for customers. This new ICICI Bank Home Loan facility allows the bank’s pre-approved salaried customers to get a loan amount of up to Rs. 1 crore instantly in a paperless manner. Depending on the age of the loan applicant, the loan will be sanctioned for the tenure of up to 30 years.
Another instant home loan product, ‘Insta Top Up Loan’ allows the existing ICICI home loan customers to top-up their home loans instantaneously for an amount up to Rs. 20 lakhs and tenure of up to 10 years. Since the facility can be availed digitally, customers can get the home loan top-up amount disbursed immediately in their account as opposed to the common practice of ‘approve and disburse in a few working days’.