ICICI Bank cuts new home loan rates
ICICI Bank, has cut home loan rates for new customers by 25-50 basis points.
Earlier State Bank of India and post that Canara Bank had slashed interest rates on home loans.
According to the new floating rate structure, for home loans less than that of Rs 20 lakhs, the interest rates would be at 9.75% as against 10% earlier. For loans between Rs 20-30 lakhs, the new rate would be at 10% as against 10.5% earlier, while for loans of Rs 30 lakhs and above, the interest rates would be at 11.5% as against 12% earlier.