Wednesday, December 9, 2009

Kotak, ICICI join home loan rate war

Kotak, ICICI join home loan rate war
Hindustan Times, December 9, Page 21

ICICI Bank and Kotak Mahindra on Tuesday announced low rates of 8.25 per cent and 8.49 per cent respectively for home loans, intensifying the cut-throat competition sparked by SBI and HDFC. ICICI offers 8.25 per cent for two years for new home loans sanctioned between December 1, 2009 and January 31, 2010. From the third year, interest rate would fload depending upon the prevailing reference rate.

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