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Pragati Home loan

Who are the eligible borrowers for Pragati Home Loans?

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Pragati Home Loans can be availed by salaried employees with a minimum salary of ₹10,000 per month and by self-employed borrowers with a business vintage of 5 years.

Which products can be availed under Pragati Home Loans?

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Pragati loans can be availed for Home Loan (HL), Home Improvement Loan and Non Residential Premises (NRP) Loan.

What is the maximum Loan To Value (LTV) which can be availed under Pragati Home Loans?

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  • Maximum LTV (HL) to salaried borrowers is as prescribed by RBI guideline.
  • Maximum LTV (HL) for Self Employed Non Professional (SENP) borrowers is 65%
  • Maximum LTV (NRP) is 60%

What are the loan limits which can be availed under Pragati Home Loans?

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The loan amount for Pragati loans ranges between ₹5 lakh to ₹50 lakh.

I am drawing cash salary, can I avail Pragati Home Loan?

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No, cash salary cannot be considered for funding under Pragati Loans.

I already have a Home Loan with another financial institution. Can I transfer the loan to ICICI Bank under Pragati Home Loans?

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Yes, if you have serviced the loan for more than 18 months, you can do a balance transfer to ICICI Bank under Pragati Home Loans.

What is the professional / business experience I should have to avail Pragati Home Loan?

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Salaried borrowers need to have a minimum work experience of 1 year and self-employed borrowers need to have a business vintage of 5 years (3 years in same business).