ICICI Bank cuts home loan rates by 10bps

For loans above Rs 75 lakh, the bank will continue to charge between 10. 5% and 11.25%.

ICICI Bank has reduced home loan rates by up to 10 basis points (bps) for loans up to Rs 75 lakh. Under the new scheme, which will be offered till June 30 for new customers, interest on home loans up to Rs 75 lakh will be charged at 10.15% or 15 bps over the base rate. For loans above Rs 75 lakh, the bank will continue to charge between 10. 5% and 11.25%. This new rate is applicable only for salaried individuals. For self-employed consumers home loan rate remains the same at 10.25%. Foe women borrowers, the interest on home loans up to Rs 75 lakh is 10.10%. The revised rates are only applicable for new customers of ICICI Bank.