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ICICI Bank introduces Express Home Loans

ICICI Bank has launched Express Home Loans, a product offering quick approval of home loans. The bank said the entire approval process can be completed within eight working hours. Customers can fill application forms and do the documentation like KYC online, while the final loan approval will also be given online without the need to visit a branch. This service can be used by all salaried individuals even if they are not ICICI Bank customers. Initially, the bank will not charge any administrative fees and processing charges for all salaried customers who apply through the portal. The documents that need to be uploaded include signature verification document, applicant’s photograph, address proof, ID proof, income proof and bank statements.

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