SBI slashes home loan interest rates and yet again intensifies competition among the lenders by reducing the home loan interest rates by 25 basis points.
ICICI and HDFC, the prime private lenders followed SBI for a further reduction of home loan interest rates basis points.
Indiabulls, one of the largest financial institute, takes the same path as the pioneers SBI, ICICI and HDFC.
For loan upto Rs. 30 lakh, pay 8.35% home loan interest rate, if you are a women borrower and 8.4% for others. For loan from Rs. 30 lakh to Rs. 75 lakh, pay 8.5% for women and 8.55% for others; for above Rs. 75 lakhs, pay 8.55%.
The ICICI Bank allows the weaker section to avail dual benefit of low interest rate and credit linked subsidy under the Pradhan Mantri Awas Yojana
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