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ICICI Bank announces 0.10 per cent cut in home loan rates
ICICI Bank, India's largest private sector lender, has cut home loan rates by 10-15 basis points for the salaried and women borrowers in a bid to improve its market share by attracting new customers. One bps is 0.01 percentage point. The new offer is a limited till June 30, and for loans up to Rs 75 lakh. The revised rates will be applicable only for new customers.
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Your home loan EMI’s to get lower
Reserve Bank of India on Tuesday cut its key interest rate by 50 basis points to 6.75 per cent, lowest since May 2011 and the repo rate by 50 basis points to 6.75 per cent.
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