Mumbai: Country's largest private sector lender ICICI Bank on Thursday announced a cut in their home loan and automobile loan rates. While home loan rates have been cut by one percentage point, the rates on auto loan have been slashed by 0.75 percentage point. But the bad news is that the new rates will be applicable only for two months.
In this festival scheme, the bank is offering a home loan of Rs 70 lakh at 10.5 per cent instead of the earlier rate of 11.5 per cent. Even those who want a loan between Rs 30 lakh to Rs 70 lakh, the rate of interest is the same i.e. 10.5 per cent instead of the earlier 11 per cent.
Meanwhile, Syndicate Bank also on Wednesday came up with a special festive offer on home loans at 10.50 per cent up to Rs 25 lakh at an EMI of Rs 944 per lakh for 25 years and at 10.75 per cent for above Rs 25 lakh up to Rs 75 lakh. For loans over Rs 75 lakh, interest charged is 10.90 per cent, it said in a statement. Similarly on four-wheeler loans, interest is at 10.75 per cent (EMI of Rs 1,699 per lakh) for 84 months with bank finance up to 95 per cent of cost of vehicle on road.
(With additional inputs from PTI)...
more
06:19 PM, Oct 11, 2012
New Delhi: State-owned Punjab National Bank (PNB) on Monday slashed interest rates on home loan and car loans by up to 0.5 per cent. In the housing loan segment, rate has been reduced by 0.25 per cent while interest rate on car loans has been slashed by 0.5 per cent effective from Monday. The decision to lower rate comes within days of Finance Minister P Chidambaram asking PSU banks to...
06:43 PM, Sep 03, 2012
Customers with floating interest rates must get help: RBI. ...
04:40 PM, Feb 10, 2010
You could now book at 9.75 per cent interest rate by paying 0.5 per cent. ...
01:32 PM, Apr 06, 2009
Home loan space has become increasingly competitive lately. ...
11:21 AM, Mar 30, 2009
Borrowers can now avail of loans at 10-10.5 pc against 10.75-11.25 pc earlier. ...
01:11 AM, Mar 17, 2009
The loan rate for Rs 20-30 lakh has been slashed to 10 per cent. ...
02:47 PM, Mar 06, 2009
The heat is on private banks to reduce interest rates. ...
08:49 PM, Mar 05, 2009
The bank also cut rates for home loans by 50 basis points. ...
05:18 PM, Dec 31, 2008
High EMIs continue and transfer of loans to cheaper rates looks tough. ...
12:33 AM, Dec 17, 2008
Public Sector banks have cut interest rates to almost 3 per cent lesser. ...
10:41 PM, Dec 15, 2008
ICICI Bank and HDFC Ltd on Thursday decided to up their lending rates. ...
12:00 PM, Aug 01, 2008
Kamran Akmal (92*) and Shoaib Malik (37*) guided Pakistan to a five-wicket win against India in the World Twenty20 warm-up match. Virat Kohli and Rohit Sharma struck quick fifties as India piled up 185 for 3 in their ICC World T20 warm-up against Pakistan on Monday. Kohli (75 not out off 47 balls) and Rohit (56 off 40 balls) added 127 runs for the third wicket. After electing to bat,...
08:40 AM, Jun 27, 2008
The hike comes after the Reserve Bank of India increased the CRR and the repo rate on Friday. ...
06:00 PM, Mar 31, 2007
Home loan rates are rising and property prices are falling in outskirts of metros so don't buy just yet. ...
07:59 PM, Feb 14, 2007
RBI's short-term lending rate hike is not intended to make loans costlier but to make banks self sufficient for lending. ...
05:14 PM, Nov 01, 2006
