Private sector lenders ICICI Bank and Kotak Mahindra today 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.
India's second largest lender ICICI Bank said it would offer a fixed rate of 8.25 per cent for two years for new home loans. The rate would be applicable to loans sanctioned between December 1, 2009 and January 31, 2010, and the first disbursement should be before March 31 2010, the bank said.
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