ICICI Saral Rural Housing Loan Scheme

While a woman residing in a metropolitan city, with a stable job and financial security, can easily sanction a loan from a bank, what about those living in rural areas? For rural women, it proves challenging to apply for and, more importantly, repay a loan. This difficulty is not limited to women alone; even men residing in rural areas face problems in acquiring and repaying loans.

To address this issue, ICICI Bank, India's largest private sector bank, has introduced the "Saral Rural Housing Loan." It was launched on August 10, 2015. This innovative home loan offering comes with a special interest rate specifically designed for rural areas, benefiting women borrowers and individuals from economically weaker sections. The Saral Rural Housing Loan from ICICI Bank also provides credit facilities for customers looking to own, construct, repair, renovate, or upgrade a house in a rural area.

ICICI Saral Rural Housing Loan – Features and Benefits

ICICI Saral Rural Housing Loan Interest Rates

ICICI Saral Rural Housing Loan Scheme interest rate is now offering home loans at the I-Base, which stands at 9.70%, to applicants from rural areas, including women borrowers and individuals from weaker sections.

ICICI Saral Rural Housing Loan – Eligibility Criteria

The income criteria for ICICI Saral Rural Housing Loan Scheme dictates that EWS households should earn no more than Rs.3 lacs per year.

ICICI Saral Rural Housing Loan – Documents Required

• Proof of identity (like Aadhar, PAN card, passport, etc.)
• Proof of residence (utility bills, passport, etc.)
• Recent salary slips or proof of income
• Bank account statements
• Property-related documents