SBI, PNB, ICICI Bank raise lending rates

By Accommodation Times Bureau NEW DELHI The State Bank of India (SBI), Punjab National Bank (PNB) and Industrial Credit and Investment Corporation of India (ICICI) Bank has raised up to 0.1 per cent of their benchmark mark lending rates or Marginal Cost of funds based Lending rate (MCLR). The move makes loans at

ICICI Bank unveils home loan overdraft facility for salaried customers

ICICI Bank Ltd announced the launch of a credit facility against home loans for salaried customers. Christened ‘ICICI Bank Home Overdraft’, this offering helps a salaried customer to seek loans upto Rs. 1 crore for personal needs against his/her property. This innovative offering provides customers with the dual advantage of a

ICICI Bank increased its spreads on home loan rates

By Accommodation Times News Services ICICI Bank the country’s largest private sector lender, following State Bank of India country’s largest government sector bank, has also increased its spreads on home loan rates and not passed on entire benefit of base rate cuts to new borrowers. Last week SBI had increased their spread

ICICI Bank reduces its base rates by 5 bps

By Accommodation Times News Services ICICI Bank one of the leading privates bank in the country have reduced their base rates by 5 points to 9.7 per cent, to match its biggest rivals, State Bank of India (SBI) and HDFC Bank. Loan demand, particularly from the corporate sector, has been sluggish

ICICI Bank offers special festival schemes to NRI’s

By Accommodation Times News Services ICICI Bank this festival season has brought attractive schemes for their Non-Residential Indians (NRIs) customers. The banks have offered attractive bunch of schemes, they are offering special offers on home loans for NRIs. As Indian real estate sector is witnessing an increase in number of NRI

Cash back offers from ICICI bank on home loans

By Accommodation Times Bureau ICICI Bank has introduced cash back offers on home loans ensuring that home loan customers could stick around longer without prepayment charges. The new scheme will bring down the cost of home loan for borrowers for at least three years with cash back of 1% of their

ICICI Bank introduced new fixed interest rate scheme for housing finance

India’s biggest private money lender provider ICICI Bank has launched two housing finance products. According to these new launched products will facilitate to borrowers and an option of having a fixed interest rate for up to the first two years of a loan. The frequently fluctuating interest rates