Taking a cue from other lenders, private sector lender ICICI Bank, which is one of the biggest players in the home loan business, has reduced interest rates on such loans to 6.7 per cent, effective immediately. But, customers can only avail of this benefit up to the end of this month (March 31, 2021). The bank was charging an interest rate of 6.8 per cent prior to this cut.
This is the lowest rate charged by the bank for home loans in the last 10 years. Customers can avail of this interest rate for home loans up to Rs 75