Mumbai: After housing loan majors HDFC and State Bank of India, India’s largest private sector lender ICICI Bank, third largest Axis Bank and NBFC Indiabulls Housing Finance also announced a cut in their home loan rates on Tuesday.
In a statement, ICICI Bank said that it has reduced its home loan rate by up to 25 basis points for new as well as existing customers. With this announcement, women as well as applicants from weaker sections of the society will get home loans at 9.85 per cent while the interest rates will be 9.90 per cent for all others.
Meanwhile, Indiabulls Housing Finance Ltd (IBHFL), India’s second largest private housing finance company also reduced interest rate for their home loans to 9.90 per cent, a reduction of 20 basis points from its existing rate of 10.10 per cent.
