The Fastest Way to Sanction Home Loan-Instant Home Loan
Buying a home is one of the most critical decisions you make in your lifetime. As in most cases, the road to purchase your own dream home leads you through a banking institution that assists you with a Home Loan.
How to get a Home Loan?
You have to apply with banks or housing finance companies to get a Home Loan. As it involves tremendous amount of money, banks evaluate your loaneligibilityby having a look at your property and finance-related documents. After checking your Home Loan eligibility, banks accordingly grant you a Home Loan.
Pre-approved Instant Home Loan Sanction
Banks and housing finance companies offer their existing customers a pre–approved Home Loan.
With a pre-approved Home Loan, your eligibility for Home Loans is already checked and approved by banks and you can getinstant sanction for the same digitally. This eliminates your need to visit a bank to submit your financial documents for getting your loan sanctioned. The best part is that you can get the loan sanctioned online instantly well before you even finalize your property.
Instant Home Loan Requirements
A bank offers instant Home Loan sanction based ona combination of multiple financial parameters such as credit bureau checks, salary credits, average bank balances, among others.The assessment is done even before you apply for loan, hence saving you from the hassles of a physical loan application wherein multiple documents are required for sanction purpose.
ICICI Bank Instant Home Loan Details: Instant Home Loan is a pre-approved Home Loan launched exclusively for existing ICICI Bank customers.
Through this facility, you can apply for Home Loan in just 3 simple steps and download your sanction letter online. Pre–approved Instant Home Loan sanction offers loan amount up to Rs10crore for a tenure of up to 30 years with a special processing fee offer. You can avail of Instant Home Loan sanction using Internet Banking facility or through iMobile app in a paperless manner. It is one of the best Home Loan products from ICICI Bank, a renowned private sector bank in India .
Instant Home Loan Approval Process
Customers can avail of Instant Sanction on their pre-approved Home Loan through ICICI Bank Internet Banking or through iMobileapp and generate the Sanction Letter in justa few clicks.
Under this product, ICICI Bank customers need to:
- Log in to Internet Banking
- Check customised offer
- Pay processing fee and
- Download Sanction Letter
Instant Home Loan Features
- With no documentationfeature, ICICI Bank customers do not need to submit any document at the sanction stage
- Customers can download the Sanction Letter instantly in just three clicks
- Customers can also avail of special processing fee, a limited period offer
- Moreover, customers also get regular income tax benefit by availing of a Home Loan
- Customers can also avail of the benefit of Pradhan Mantri Awas Yojana (PMAY) at the time of loan disbursement.
Instant Home Loan Benefits
- A pre-approved Home Loan like Instant Home Loan makes the loan availing process quick and easy
- Your credibility to builder increases. So, you can negotiate the price of your home as you have your funds readily accessible to make the purchase
- Moreover, instant Home Loans have many advantages such as quick processing, no documentation at the sanction stage, Home Loan tax benefits, low interestrate compared to conventional Home Loans, etc.
In case you are planning to get a Home Loan, explore the pre-approved Home Loan option with your bank. With instant Home Loan, you get quick Home Loan sanction and many other added benefits.
Terms and Conditions apply.
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