Mumbai: ICICI Bank on Friday announced that it has reduced home loan interest rate to 6.70%. The revised interest rate, which the bank claims to be the lowest in 10 years, comes into effect from March 5. Customers can avail of this interest rate for home loans upto Rs 75 lakh. For loans above Rs 75 lakh, interest rates are pegged at 6.75% onwards. These revised rates will be available till March 31, 2021.
Home buyers, including those who are not customers of the bank, can apply for home loan digitally, in a hassle-free manner through the ICICI’s website and mobile banking platform, ‘iMobile Pay’. They can also experience a convenient digitised experience at their nearest ICICI Bank branch. They can also receive instant sanction of their loan digitally.
Ravi Narayanan, Head- Secured Assets, ICICI Bank said, “We see resurgence in demand from consumers, who want to buy homes for their own consumption, in the past few months. We believe that this is an opportune…