ICICI announces fixed interest rate home loans

ICICI announces fixed interest rate home loans

Under the one year fixed rate home loan, the customer can avail a loan at 10.50 per cent for a loan amount less than or equal to Rs 25 lakhs, 11 per cent for a loan amount greater than Rs 25 lakhs and less than or equal to Rs 75 lakhs and 11.50 per cent for a loan amount greater than Rs 75 lakhs.

Floating rate from the second year will be linked to the ICICI Bank Base Rate (I-Base) plus margin decided at the time of sanction of the loan. Under the two-year fixed rate home loan, customers can avail a loan at 10.75 per cent for a loan amount less than or equal to Rs. 25 lakhs, 11.25 per cent for a loan amount greater than Rs 25 lakhs and less than or equal to Rs 75 lakhs and 11.75per cent for a loan amount more than Rs 75 lakhs. Floating rate from the third year will be linked to the ICICI Bank Base Rate (I-Base) plus margin decided at the time of sanction of the loan, the bank said.

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