ICICI’s decision comes close on the heels of the State Bank of India and LIC Housing Finance reducing their home loan interest rates. Mortgage leader Housing Development Finance Corp. Ltd (HDFC) also lowered lending rates by 30 bps, matching those offered by State Bank of India (SBI) and ICICI Bank. ICICI’s decision comes close on the heels of SBI and LIC Housing Finance reducing their home loan interest rates. 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.

Source: Mint May 15, 2017 10:38 UTC