Click it and Unblock the Notifications
Just In
Don't Miss
-
Rs 95/Share Dividend: Record Date On 28th June; Buy Mahindra Group Stock To Be Eligible? -
Kamada Ekadashi 2024 Wishes: Greetings, Messages, Texts, Images, Twitter Status And Instagram Captions -
Who Won Yesterday's IPL Match 33? PBKS vs MI, IPL 2024 on April 17: Mumbai Indians Escape Last-Ditched Fight by Punjab Kings To Win -
Do Aur Do Pyaar OTT Release Date & Platform: When & Where To Watch Vidya Balan’s Film After Theatrical Run? -
Aprilia RS 457 Accessories: A Detailed Look At The Prices -
Karnataka SSLC Result 2024 Soon, Know How to Check Through Website, SMS and Digilocker -
Nothing Ear, Ear a With ANC, Up to 42.5 Hours of Battery Launched; Check Price and Availability -
Telangana's Waterfall: A Serene Escape Into Nature's Marvels
ICICI introduces new home loan scheme
New Delhi, Dec 9: After the price war in telecom, a interest rate war entered the banking sector with ICICI bank introducing a 'Two Year Fixed Rate Scheme' to thwart the competition from Kotak Mahindra Bank.
Under the new scheme, 8.25 per cent interest rate will be fixed for the first two years after the disbursement has been made.
The scheme, which came into effect on Dec 3, 2009, is applicable for all new 'Home Loan Sanctions and Disbursements' and will be offered on sanctions made till January 31, 2010.
Since it is valid till Mar 31, 2010 and the customers have to make sure that the first disbursement of the loan should be availed on or before this date.
After the first two years, the ICICI Floating Reference Rate (FRR) minus 4 per cent, FRR minus 3.5 per cent and FRR minus 3 per cent will be applicable for loan up to Rs 20 lakh, between Rs 20 lakh to Rs 50 lakh and above Rs 50 lakh.
Earlier, Kotak Mahindra Bank announced its new home loan scheme, under which there is a 8.49 per cent fixed rate on home loans for 30 months from the date of the payout of the loan.
OneIndia News
