ICICI Bank on Wednesday announced that its property loan portfolio has crossed Rs 2 lakh crore milestone, making it the first private sector bank in the country to do so. 
The bank’s achievement could be responsible for offering hassle free and frictionless experience to its customers by digitizing the entire process along with the instant loan approval. The bank’s expansion in its footprint across the country including tier 2, 3 and 4 cities also helped it to cross milestone of Rs 2 lakh crore in its property loan portfolio. 
“We have been catalyzing the growth of retail lending in the country over the past two decades by making it more convenient and widely accessible for customers,” said Anup Bagchi, Executive Director of ICICI Bank.
The bank is currently present in 1,100 locations including the tier 2, 3 and 4 cities as weel as in the fast-growing outskirts of metro cities. ICICI Bank has also scaled up its credit processing centers in past two years from 170 to 200 in the new markets for making process more efficient and quick turn-around for customers, Bagchi added.
Over the past few years, ICICI Bank has launched innovative digital loan products for helping customers to finance their dream homes. These launched innovative digital loan products includes mortgage guarantee backed home loan for enhanced eligibility, step-up loans for flexible repayments, NRI mortgage loans enabling NRIs to get an instant sanction letter for loan without visiting India.