India’s leading private bank ICICI Bank has reduced interest rates by 0.05 per cent in the new year. After this decision, the EMI of home, auto and personal loans will decrease. At the same time, taking loans for new customers will become cheaper. Recently, SBI announced a cut in the interest rates of MCLR based loans. INICICI Bank has decided to reduce interest rates by 0.05 per cent for all periods. This will reduce the loan EMI of the customers by 0.05%, which means there will be a saving of about 0.05% every month.
India’s leading private bank ICICI Bank has reduced interest rates by 0.05 per cent in the new year.
Has given New Year gift to customers. The bank has cut its external benchmark rate by 0.25 per cent. This will make home loans and auto loans cheaper. This deduction will be applicable from 1 January. All types of new and old customers of the bank will get the benefit. Now, the bank will give loan to those buying new houses at an interest rate of 7.90 per cent. Earlier the interest rate was 8.15 percent. The bank has reduced the external benchmark based rate from 8.05 per cent to 7.80 per cent.