Monday, November 3, 2008

IDBI Bank cuts home loan interest rates by 0.5% and increases own contribution

Following the revision, the home loans will be now available to customers for an interest rate of 11 per cent as against 11.5 per cent earlier, the bank said.

Simultaneously, the margin on housing loans has been enhanced from 15 per cent to 20 per cent for loans up to Rs 30 lakh and to 25 per cent for loans over Rs 30 lakh, the bank said. To read more, please, visit - Express India

Related Story:

Be ready to pay as much as 40% own contribution upfront if you are planning to buy a home on a bank loan

("No Own Contribution if You Give ADF!"
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