IDBI Bank recently slashed interest on housing loans by 0.25% and the deposit rates in select brackets by up to 0.50%.
Housing loans of up to Rs. 75 lakh will be available at par with its base rate at 10.50% while those above Rs. 75 lakh will have 0.25% more in interest over the base rate, the bank said in a statement. All the revised rates are applicable from November 1. 2012.
A slew of lenders, led by SBI (State Bank of India), have cut housing loan rates as the bankers shift their focus on the retail segment following a slowdown in the corporate segment.
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