ICICI Bank, a leading private sector lender of the nation, has announced a reduction in its home loan interest rates by 25-50 basis points. The home loans under revised rate would be available for new borrowers with immediate effect. ICICI is the latest in the series of banks that have reduced their existing rates of interest for home loans in India.
The new ICICI home loan rate for an amount of Rs. 20 lakh would now be 9.75 percent instead of 10 percent whereas for a loan amount between 20-30 lakh it has been dropped to 10 percent from 10.5 percent. Home loan exceeding Rs 30 lakh would carry a interest rate of 11.5 percent instead of 12 percent earlier. | 
