New Delhi, Aug 27: India's largest private bank ICICI Bank on Wednesday, Aug 26, cut home loan rates for new customers. This will be effective from Aug 20.
ICICI Bank has fixed the new interest rate for loans up to Rs 20 lakh at will charge 8.75 pc and 9.25 pc for loans between Rs 20 lakh-Rs 50 lakh.
For loans above Rs 50 lakh the bank will charge an interest rate of 9.75 pc. Except for the special offer, ICICI Bank's interest rates were in the range of 9.25 to 11 pc.