Earlier this week IDBI bank had cut its home and auto loan rates by 0.25 – 0.5 %. Interest rates for home loans up to Rs 30 lakh will be 8.75 per cent as against the existing 9 per cent. Loans between Rs 30 lakh and Rs 50 lakh will attract a rate of 9 per cent as opposed to 9.5. The bank also announced special offers such as free fire and burglary insurance for current account holders, waiver of AMC charges on demat account for the first year etc.
The state owned IDBI bank which has around 600 banks pan – India and around 1000 ATMs opened 15 new branches in order to commemorate its 6th foundation day. Earlier this week IDBI bank had cut its home and auto loan rates by 0.25 – 0.5 %. The new rates are as follows –
– Interest rates for home loans up to Rs 30 lakh will be 8.75 per cent as against the existing 9 per cent.
– Loans between Rs 30 lakh and Rs 50 lakh will attract a rate of 9 per cent as opposed to 9.5
The bank also plans to offer a moratorium period on payment of home loan pre-EMI taken between the days October 1 to December 31, which will enable the borrower to avail the loan without a pre-EMI obligation till the possession of the new property for a period of 12-18 months from the date of disbursal, whichever is earlier.
The bank also announced special offers such as free fire and burglary insurance for current account holders, waiver of AMC charges on demat account for the first year etc.