The rates will be available for new loans and existing loans will continue to be charged at the earlier rates as the bank has made no change in its prime lending rate.
ICICI hopes the move to help revive demand for property. domain-b.com
Does ICICI's "move" motivate you to book a flat?
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| From Ravi Karandeekar's Pune Real Estate Market News Blog |
To me it is as good as PBAP Mega Property Exhibition Daydream. I think, RBI is more concerned about NPAs than growing inventory of unsold flats. Please, share your views in the comments. (Comments Policy)
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Why the rate cut is applied to only new customers? Have old customers made any mistake by taking loan from them?
ReplyDeleteI don't understand the policies of this bank. Few months back, this bank increased the interest rates of home loans to only new customers by 1%, when all PSU banks reduced their rates. Lets see the performance of the bank after Mr. Kat retires in few days.
Ravi your views please.