The back-to-back interest rate hikes had come as a major challenge for the existing homeowners who either were opting to refinance their loans or partially repay them to reduce their financial burden.
As part of the ‘Festive Bonanza’, the Bank also offers attractive benefits to retail and business customers on various banking products and services. The offers are available from October 1, 2021 onwards on various dates during the upcoming festive season.
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.
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