ICICI Bank cuts home loan rates by 25-50 bps

ICICI Bank cuts home loan rates by 25-50 bps. As indicated in my blog dated 29th June Inflation at 4.28%, Hits 14-month low, ICICI bank has decided to cut the interest on home loan rates. I am pretty sure that other banks will follow suit some time in the near future.

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As indicated before, this is a good time to start investing in FMPs and lock your rates for long periods of times. Most bankers and industry watchers feel that the interest rate has peaked and will remain the same or move down from here.