Tuesday, 16 May 2017

ICICI Bank, HDFC reduce home loan rates

Private sector lenders ICICI Bank and HDFC on Monday reduced their interest rates on home loans. Private sector lender ICICI Bank reduced its interest rates by up to 30 basis points (bps) for home loans of up to Rs 30 lakh. "With this reduction, salaried borrowers can avail home loans at among the lowest rates in the industry. 
  
Salaried women borrowers will get home loans at 8.35 per cent and others at 8.40 per cent," According to ICICI Bank, customers from economically weaker section (EWS) and low income group (LIG) can avail the dual benefit of low interest rates and credit linked subsidy under the Pradhan Mantri Awas Yojana. "ICICI Bank is committed to supporting the government's vision to provide housing for all by 2022. In line with this commitment, we have reduced the home loan interest rates for the affordable housing segment."

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