You are here: Rediff Home » India » Business » Report
Search: The Web
      Discuss  |             Email   |         Print  |  Get latest news on your desktop

ICICI home loans of Rs 20 lakh and below cheaper
 · My Portfolio  · Live market report  · MF Selector  · Broker tips
Get Business updates:What's this?
December 06, 2008 15:26 IST
Private sector lender, ICICI Bank [Get Quote], has reduced its interest rate for home loans of Rs 20-lakh and below to 11.5 per cent.

"We have revised our interest rate by 1.5 per cent from 13 per cent to 11.5 per cent," an ICICI Bank spokesperson said.

This cut will, however, be applicable for only new home loans, the spokesperson said.

"Priority sector lending has always been one of our key focus areas and we have a differential offering for these customers. This is our pricing to promote the priority segment and offer affordable housing," he added.

© Copyright 2008 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
       Email  |        Print   |   Get latest news on your desktop

© 2008 India Limited. All Rights Reserved. Disclaimer | Feedback