MUMBAI, Oct 12: With the onset of the festival season, ICICI Bank, the largest private sector lender, has lowered interest rates on home loans from 0.25 per cent to one per cent across different maturities.
Under this offer, ICICI Bank is offering floating rate home loans at 10.25 per cent for a loan amount below Rs 30 lakhs.
The loan amounts above Rs 30 lakh and upto Rs 3 crores will be at 10.50 per cent.
The same rate of interest is applicable for fixed rate home loans for one and two years fixed tenures.
ICICI’s floating rate home loans upto Rs 30 lakh will now cost
10.25 per cent from 10.50 per cent earlier.
For a fixed rate loan of three years tenure, the offering is at
10.50 per cent for loans below Rs 30 lakhs and 10.75 per cent for the loans above Rs 30 lakhs and upto Rs 3 crore.
This special festival pricing is valid till December 31, 2012, an official release said.
(UNI)
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