ICICI Bank launches special offer for new home loans

Private sector lender ICICI Bank on Wednesday said it has launched new home loan schemes at lower interest rates for new borrowers.

Private sector lender ICICI Bank on Wednesday said it has launched new home loan schemes at lower interest rates for new borrowers.

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Under the new offer, interest rates for up to Rs 20 lakh is 8.75 per cent, an ICICI Bank spokesperson told PTI, adding the schemes are effective from August 20.

For loans between Rs 20-Rs 50 lakh, the new interest rate is 9.25 per cent. Borrowing above Rs 50 lakh attracts 9.75 per cent interest rate, the spokesperson said.

Except for the special offer, ICICI Bank's interest rates were in the range of 9.25 to 11 per cent.