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ICICI Bank launches new home loan product for rural population: Report

10 Aug 2015 Evaluate

In order to realize the dream of owning a home at an affordable interest rate, ICICI Bank has reportedly launched a new product ‘ICICI Bank Saral-Rural Housing Loan’, which will carry only the bank’s base interest rate. Applicants from rural areas including women borrowers as well as seekers from weaker sections can now avail home loans at the ICICI Bank Base Rate which is currently at 9.70%. Interested customers can apply for the ‘ICICI Bank Saral-Rural Housing Loan’ at any ICICI Bank branch in the locations where the loan is being offered.

ICICI Bank is India’s largest private sector bank. ICICI Bank’s subsidiaries include India’s leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank’s presence currently spans across 17 international locations.

Peers
Company Name CMP
HDFC Bank 717.00
ICICI Bank 1352.00
Axis Bank 1220.35
Kotak Mahindra Bank 409.60
Indusind Bank 957.60
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