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ICICI Bank cuts new home loan rates by 25-50 bps

ICICI Bank cuts new home loan rates by 25-50 bps
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First Published: Fri, Mar 06 2009. 02 42 PM IST
Updated: Fri, Mar 06 2009. 02 42 PM IST
Mumbai: Private sector lender ICICI Bank has cut its home loan rates by 25-50 basis points for new customers effective immediately, a spokesman said on Friday.
The bank lowered the rate to 9.75% from 10% on home loans of less than Rs2 million.
The rate on loans for Rs2-3 million has dropped to 10% from 10.5%, and for above Rs3 million it has been cut to 11.5% from 12%.
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First Published: Fri, Mar 06 2009. 02 42 PM IST