Floating-and-fixed rate loan scheme
Bigwig lenders like HDFC, ICICI bank, and Citibank have recently revealed that they have brought back fixed –rate home loans. The decision by leading lenders to re-introduce fixed-rate home loans underscores a significant move because, until recently, such loans had almost disappeared from the home-loan scenario. Even though some lenders offered these loans, borrowers were [...] Continue Reading »
ICICI Bank will offer customers the option to choose a fixed rate of interest for one or two years, after which it will charge applicable floating rate depending on its base rate. The bank’s base rate is at 10% now. Customers opting for the product, which would be available from Friday, would have to pay [...] Continue Reading »
