|
|
|
|
ICICI Bank reduces home loan interest rate to 6.70%
|
|
|
|
| Top Stories |
 |
|
|
|
SME Times News Bureau | 06 Mar, 2021
Lending major ICICI Bank reduced its home loan interest rate to 6.70 per cent, the company said on Friday.
Accordingly, the revised interest rate -- the lowest in 10 years by the bank -- is effected from March 5.
The bank in a statement said that this interest rate can be availed for home loans up to Rs 75 lakh.
Besides, for loans above Rs 75 lakh, interest rates are pegged at 6.75 per cent onwards.
As per the statement, these revised rates will be available till March 31.
"We
see resurgence in demand from consumers, who want to buy homes for
their own consumption, in the past few months," said Ravi Narayanan,
Head - Secured Assets, ICICI Bank.
"We believe that this is an
opportune time for an individual to buy his or her dream home,
considering the prevailing low interest rates. We believe that with our
completely digitised home loan process, including instant sanction for
customers of any bank, everybody will find it immensely convenient to
avail a home loan with us."
In November 2020, ICICI Bank became
the first private sector bank in the country to cross Rs 2 trillion (Rs 2
lakh crore)-mark in mortgage loan portfolio.
Further, the bank
informed that during its mortgage disbursements increased in Q3-2021
over Q2-2021 and reached an all-time monthly high in December 2020.
The
growth in the mortgage portfolio was also aided by the Bank's expansion
of footprint across the country, including tier 2, 3 and 4 cities.
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
₹95.3
|
₹93.6 |
UK Pound
|
₹127.7
|
₹123.7 |
Euro
|
₹110.65
|
₹106.9 |
| Japanese
Yen |
₹59.75 |
₹57.9 |
| As on 24 Jun, 2026 |
|
|
| Daily Poll |
 |
 |
| What’s your biggest challenge with the 45-day payment rule? |
|
|
|
|
|
| Commented Stories |
|
|
|
|
|
|
| |
|
