ICICI Bank unveils home loan overdraft facility for salaried customers

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ICICI Bank Ltd announced the launch of a credit facility against home loans for salaried customers.

Christened ‘ICICI Bank Home Overdraft’, this offering helps a salaried customer to seek loans upto Rs. 1 crore for personal needs against his/her property. This innovative offering provides customers with the dual advantage of a term loan and an overdraft facility. While the term loan provides customers with quick funds for immediate needs, the overdraft facility offers them the flexibility to access funds instantly for expenses, as and when required.

 

The customerscan use the funds for an array of personal requirements including education, medical treatment, home renovation, marriage and overseas travel among others.





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