IDBI slashes home loan interest rates, reduces deposit rates

Posted By:

IDBI slashes home loan interest rates, reduces deposit rates
IDBI Bank: Quotes, News
BSE 76.65BSE Quote0.15 (0.20%)
NSE 76.55NSE Quote0 (0.00%)
IDBI Bank on Wednesday slashed interest rates on home loans by 0.25% and reduced deposit rates upto 0.50%.

Interest rates on new floating rate Home Loans above Rs 30 lakh by a further 25 basis points (bps).

The above rates will be effective from November 1, 2012.

Loans up to Rs. 75 lacs would now be available at Base Rate (BR) - currently at 10.50% p.a- while on such loans above Rs. 75 lakh, the pricing would be Base Rate (BR) plus 25 bps.

Further, interest on Home Loan Interest Saver (HLIS) product would go down by 25 bps across all loan slabs, subject to minimum of Base Rate.

The Bank has also decided to reduce the Retail Term Deposit Rates by between 25-50 bps in seven maturity buckets having maturity of ‘270 days up to 20 years.

Read more about: idbi bank, interest rates, home loan
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?