The new interest rate for loans up to Rs 20 lakh has been fixed at 8.75 per cent.
New Delhi: India's largest private bank ICICI Bank on Wednesday cut home loan rates for new customers effective from August 20.
ICICI Bank has fixed the new interest rate for loans up to Rs 20 lakh at will charge 8.75 per cent and 9.25 per cent for loans between Rs 20 lakh-Rs 50 lakh.
For loans above Rs 50 lakh the bank will charge an interest rate of 9.75 per cent.
The move is seen as an attempt to match the home loan rates of HDFC.
Except for the special offer, ICICI Bank's interest rates were in the range of 9.25 to 11 per cent.
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