Good news for home buyers! ICICI Bank takes down home loan rates

05 Mar 2021 12:32:48
New Delhi, March 05: In a major boost to realty sector,home loans rates have been on a reducing trend as the financial year end nears. The rates are reduced to the lowest in nearly 10 years.
 
ICICI bank has reduced its home loan interest rate to 6.70% p.a for loans up to Rs 75 lakh. For loans above Rs 75 lakh, interest rates are set at 6.75% p.a.
 

home loan_1  H
 
SBI has lowered home loan rates to 6.7% for loans up to ₹75 lakh. It has also announced a further 5 basis points concession for women borrowers. The bank has waived the processing fee on home loans till 31 March, 2021. Kotak Mahindra Bank‘s new home loan offer starts at 6.65%.
 
ALSO READ - Investment in knowledge pays best dividend! And Byju Raveendran evidently makes this adage true 
 
ICICI home loan rates_1&n 
 
HDFC has reduced its retail prime lending rate by 5 basis points from 4th March 2021. Its home loan rates now start at 6.75% p.a. This change will benefit all existing HDFC retail home loan customers .as well. These changes are applicable till 31st March, 2021 after which the policy will be reviewed.
 
ALSO READ - We and the World! India attracts USD 67.5 bn in FDI, highest in last 9 months
 
This reduction will prove to be a boon to homebuyers as besides rates being at an all-time low, many state authorities have reduced stamp duties and reduced circle rates, which have an impact on stamp duty calculations..
.
Powered By Sangraha 9.0