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ICICI Bank cuts home loan rates for festive period

Source : REUTERS
Last Updated: Fri, Oct 12, 2012 11:43 hrs
An employee's shadow is cast on the ICICI Bank logo at their headquarters in Mumbai

Mumbai: ICICI bank has cut its floating rate on home loans by up to 100 basis points (1%) until December end, the country's second-largest lender said on Thursday.

For loans up to Rs 30 lakh the bank will charge 10.25 percent interest, ICICI said.

It earlier used to charge 10.5 percent for loans up to Rs 30 lakh.

The interest rate for loans between Rs 30 lakh and Rs 3 crore will be 10.5 percent, down from 11.5 percent, the bank said, adding the new rates are applicable only for the festive period that starts in October and ends in December.


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