ICICI Announces New Home Loan Rates for Festival Season

India’s largest private sector lender, ICICI Bank has announced its new interest rates for home loans at the onset of the festival season. This offer is effective from and valid for sanctions up to December 31, 2012.

Under this offer, the bank will offer floating rate home loans at 10.25 per cent for amounts below Rs 30 lakh and 10.50 per cent for above Rs 30 lakh and up to Rs 3 crore, the bank said in a statement.

The same rate of interest is applicable for fixed rate home loans for the one and two-year fixed tenures.

For a fixed rate loan of three-year period, the rates are 10.50 per cent amounts below Rs 30 lakh and 10.75 per cent for above Rs 30 lakh and up to Rs 3 crore, the statement said.