ICICI Good News for those who want to fulfill their dream of ownership

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Prime Time Zone, Webdesk: This month is the perfect opportunity for home loans for those who want to build their own home. Already, public sector giant SBI, private sector Kotak Bank and HDFC Bank have slashed interest rates on home loans, while on Friday ICICI Bank also cut 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 Friday. 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 from homeowners has picked up over the past few months. This is the right time for them. Homes can be bought considering the current low interest rates, ”said Ravi Narayanan, Head, Securities-Assets, ICICI Bank. Recently, SBI cut interest rates on home loans to 6.70 per cent, Kotak Bank to 6.65 per cent and HDFC Bank to 6.75 per cent. The interest rate will be effective till March 31.

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