ICICI Bank re­duces home loan rates by 30 bps

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Pri­vate sec­tor lender ICICI Bank has re­duced in­ter­est rates by up to 30 ba­sis points (bps) for home loans of up to `30 lakh. With this re­duc­tion, salaried bor­row­ers can avail home loans at among the low­est rates in the in­dus­try. Salaried women bor­row­ers will get home loans at 8.35 per cent and oth­ers at 8.40%. Ac­cord­ing to ICICI Bank, cus­tomers from eco­nom­i­cally weaker sec­tion (EWS) and low in­come group (LIG) can avail the dual ben­e­fit of low in­ter­est rates and credit linked sub­sidy un­der the Prad­han Mantri Awas Yo­jana. The bank also in­au­gu­rated a branch in Jaipur, which is its 60th branch in the city.

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