+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

ICICI and HDFC slash home loan interest rate to match SBI

May 16, 2017, 13:36 IST
HDFC, India's largest housing finance company, and ICICI, the largest private lender, have cut down interest rates on home loans they offer, bringing them down to 8.35% for home loans up to Rs 30 lakh.
Advertisement

This is the same rate at which India’s largest bank State Bank of India offers home loans.

Also read: Here’s how top 5 Indian banks use technology

As per the changes, salaried women borrowers will get home loans at 8.35% and others at 8.40% for loans up to Rs 30 lakh. ICICI has also announced varied rates for women and other borrowers for loans above Rs 30 lakh, at 8.5% and 8.55%, respectively.

HDFC, on the other hand, has kept uniform rates for men and women at 8.5% for loans between Rs 30 lakh and Rs 75 lakh, while for those above Rs 75 lakh, interest would be charged at 8.55%.

Advertisement

Also read: Indians pay too much interest on home loans, reveals study

(Image source My Estate Point)
Next Article