After State Bank of India, private sector players ICICI Bank and HDFC have slashed home loan rates by up to 30 basis points for loans of up to Rs 30 lakh, intensifying the competition in the segment. Salaried women borrowers will get home loans at 8.35 per cent and others at 8.40 per cent, ICICI Bank said. In both these cases, the reduction in interest rates is 30 basis points from the previous rates. They can enjoy the benefit of floating interest rate or a fixed interest rate for the initial two/three years followed by floating rate. “In line with this commitment, we have reduced the home loan interest rates for the affordable housing segment.

Source: Indian Express May 15, 2017 19:56 UTC