Date:11/02/2006 URL: http://www.thehindubusinessline.com/2006/02/11/stories/2006021103400100.htm

Back ICICI Bank home loans rate hike from Feb 13

Our Bureau

Mumbai , Feb. 10

ICICI Bank Ltd, the largest private sector bank in the country, raised interest rates on home loans by 50 basis points, or half a percentage point, effective February 13. Loans at fixed interest rates will cost 9.5 per cent and those at floating rates between 7.75 per cent and 8.5 per cent, a spokesman of the bank said.

For the existing customers, the floating rate will come into effect only from April 1.