SARAL Affordable Housing Scheme– By ICICI Home Finance

Published on June 19, 2020
Current Context: ICICI Home Finance Company Ltd, which is an HFC has launched a special affordable housing loan scheme to finance homes in rural and urban areas of India. The name of the scheme is SARAL.
SARAL Affordable Housing Scheme– By ICICI Home Finance

  • The beneficiaries for the scheme are women, lower-middle-income customers and economically weaker sections, with maximum household income up to Rs 6 lakh per annum.
  • The loan requires ownership of women in rural areas from Rs 3 lakhs to Rs 6 lakhs.
  • Maximum limit of loan is Rs 35 lakhs with an interest rate starting from 7.98%.
  • The maximum tenure for loan is 20 years.
  • Static Part: 
    • HQ of ICICI Home Finance Company Ltd: Mumbai
    • Chairman of ICICI Home Finance Company Ltd: Anup Bagchi
    • MD and CEO of ICICI Home Finance Company Ltd: Anirudh Kamani

Question: 

Q.1 Which bank launched SARAL Affordable Housing scheme?
a. Indiabulls Housing Finance Ltd
b. ICICI Home Finance Company Ltd
c. Muthoot Homefin Ltd
d. Aditya Birla Housing Finance Ltd

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