ICICI Bank Home Loan Rates: This month is the perfect opportunity for home loans for those who want to build their own home. Fresh
ICICI Bank Home Loan Rates: This month is the perfect opportunity for home loans for those who want to build their own home. Recently, ICICI Bank also slashed interest rates on home loans to 6.70 per cent. The bank said the latest interest rates were the lowest in the last ten years and the revised new rates would come into effect from today. The revision rates are Rs. Consumers can avail benefits for home loans up to Rs 75 lakh, up to Rs. The bank said the interest rate is 6.75 per cent for home loans above Rs 75 lakh. That said, this opportunity applies until March 31st.
The bank has revealed that those who want to buy a house along with their customers can apply for home loans digitally through the bank’s website and mobile banking. ‘Demand for home loans has picked up over the past few months from homeowners. This is the right time for them. ICICI Bank Securities-Assets Head Ravi Narayanan said the houses could be bought considering the current low interest rates.
Recently, HDFC Bank also slashed interest rates on home loans to its customers by 0.05 per cent. Based on the credit history of the clients, it is offering 6.75 per cent interest on new loans irrespective of the loan amount taken. Recently, State Bank of India (SBI) and Kotak Mahindra Bank also slashed lending rates. 6.7% and 6.65% respectively. HDFC said it was also cutting the retail prime lending rate (RPLR) on home loans by 0.05 per cent, which would also reduce interest rates on existing borrowers.
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