HindustanTimes Sat,20 Dec 2014

ICICI Bank cuts home loan rates

Reuters  Mumbai, October 11, 2012
First Published: 20:06 IST(11/10/2012) | Last Updated: 21:35 IST(11/10/2012)

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


For loans up to 3 million rupees ($56 500) the bank will charge 10.25% interest ICICI said. It earlier used to charge 10.5% for loans up to 3 million rupees.

The interest rate for loans between 3 million rupees and 30 million rupees will be 10.5% down from 11.5% the bank said  adding the new rates are applicable only for the festive period that starts in October and ends in December.
($1 = 53.1350 Indian rupees)

more from Banking

CCEA gives nod for IDFs to take over bank loans

In a move that could boost the cash-starved infrastruc­ture sector, the Cabinet Committee on Economic Affairs on Tuesday gave its clearance for infrastructure debt funds (IDFs) to take over existing bank loans.
Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved