ICICI Bank has announced a new scheme for the home loan that will benefit the new borrowers with 1% cash back on every EMI the borrower pays and this scheme will be valid for all the EMI the borrower has to pay. But this scheme will only be valid on minimum loan period of 15 years and maximum 30 years.
The first cashback will be reflected after the 36 EMI payments and the rest of the cash back will be reflected in the users account after every 12 months of EMI paid.
The consumer can use this cashback scheme to pay the loan amount or any other purpose so this cash back comes in handy. This new offer is also available for many other mortgage product offered by ICICI Bank.