ICICI and HDFC slash home loan interest rate to match SBI

HDFC, India's largest housing finance company, and ICICI, the largest private lender, have cut down interest rates on home loans they offer, bringing them down to 8.35% for home loans up to Rs 30 lakh.

This is the same rate at which India’s largest bank State Bank of India offers home loans.

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As per the changes, salaried women borrowers will get home loans at 8.35% and others at 8.40% for loans up to Rs 30 lakh. ICICI has also announced varied rates for women and other borrowers for loans above Rs 30 lakh, at 8.5% and 8.55%, respectively.

HDFC, on the other hand, has kept uniform rates for men and women at 8.5% for loans between Rs 30 lakh and Rs 75 lakh, while for those above Rs 75 lakh, interest would be charged at 8.55%.

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(Image source My Estate Point)