ICICI and SBI Banks Have cut their Interest Rates

By Petra Amelia on November 16th, 2007

(1 votes, average: 5 out of 5)

 Loading ...

When we talk about country’s largest private sector lender, ICICI Bank’s name come after State Bank of India, ICICI Bank has cut floating home loan rates by 0.5 per cent to 11 per cent. Finance Minister P Chidambaram asked the bank to have a re-look at the low interest rates to stimulate demand in the economy. On the other hand State Bank of India has also lower the rate of interest on home loan and other retail loans by 0.5 percent to 1 percent for different maturities as part of its festival offer. The proposed rates are applicable for all new loans and are valid up to 31st December said by SBI bank in a statement. SBI is also providing a discount if the salary account is with the SBI and further discount if a higher margin is available.
Read: hindustantimes.com

Share This