Synopsis
Customers can avail of this interest rate for home loans up to Rs 75 lakh. For loans above Rs 75 lakh, interest rates are pegged at 6.75% onwards, stated the release. These revised rates will be available till March 31, 2021.
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ICICI Bank announced on Friday that it has reduced home loan interest rate to 6.70%.The revised interest rate is effected from March 5, 2021, stated the bank in a press release. Customers can avail of this interest rate for home loans up to Rs 75 lakh. For loans above Rs 75 lakh, interest rates are pegged at 6.75% onwards, stated the release. These revised rates will be available till March 31, 2021.
ICICI Bank Reduces Interest Rate On Home Loans To Lowest In 10 Years ICICI Bank Reduces Interest Rate On Home Loans To Lowest In 10 Years The country s leading private lender announced today that it has reduced its interest rate on home loans up to Rs 75 lakh to 6.70 per cent.
The reduced interest ratehas come into effectfrom today, March 5, 2021.
After the country s largest lender State Bank of India reduced home loan rates a few days ago, India s leading private lender ICICI Bank announced that it has reduced its interest rate on home loans up to Rs 75 lakh to 6.70 per cent. According to a statement released by the bank, the revised interest rate is the lowest in 10 years by ICICI bank. The reduced interest rate has come into effect from today, March 5, 2021. Additionally, for the loans above Rs 75 lakh, the interest rates are pegged at 6.75 per cent onwards. The revised interest rates will be available till March 31, 2021. (
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ICICI Bank reduces home loan interest rate to 6.70%
Lending major ICICI Bank reduced its home loan interest rate to 6.70 per cent, the company said on Friday. Accordingly, the revised interest rate the lowest in 10 years by the bank is effected from March 5. The bank in a statement said that this interest rate can be availed for home loans up to Rs 75 lakh.
Besides, for loans above Rs 75 lakh, interest rates are pegged at 6.75 per cent onwards. As per the statement, these revised rates will be available till March 31. We see resurgence in demand from consumers, who want to buy homes for their own consumption, in the past few months, said Ravi Narayanan, Head - Secured Assets, ICICI Bank.
Updated Mar 05, 2021 | 15:51 IST
ICICI Bank on Friday slashed home loan interest rates to 6.70% in a limited period offer valid until March 31, 2021. SBI Bank, Kotak Mahindra Bank, and HDFC Ltd announced similar offers in the last few days ICICI vs SBI vs Kotak Mahindra vs HDFC: Most economical home loan interest rates in market right now | Photo Credit: BCCL
Key Highlights
Historic low home loan interest rates will will encourage people to finally take a call and book their dream homes, feels Dhruv Agarwala, Group CEO, Housing.com
ICICI Bank, SBI Bank, Kotak Mahindra Bank and HDFC Ltd have slashed home loan interest rates in last few days
Taking a cue from other lenders, private sector lender ICICI Bank, which is one of the biggest players in the home loan business, has reduced interest rates on such loans to 6.7 per cent, effective immediately. But, customers can only avail of this benefit up to the end of this month (March 31, 2021). The bank was charging an interest rate of 6.8 per cent prior to this cut. This is the lowest rate charged by the bank for home loans in the last 10 years. Customers can avail of this interest rate for home loans up to Rs 75 lakh. And, for loans above Rs 75 lakh, interest rates are pegged at 6.75 per cent onwards.