ICICI cuts home loan rates by 25-50 bps

Posted By: Staff
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New Delhi, Mar 6: ICICI bank, one of India's largest private sector bank on Friday, Mar 6 announced 25-50 basis point cut in interest rates on new home loans. The new home loans of up to Rs 20 lakh will now come at an interest rate of 9.75 pc as against 10 per cent now.

However ICICI has decided to keep its prime lending rate (PLR) unchanged for now. Earlier ICICI benchmark rate was reduced by 50 bps to 16.75 pc.

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