Fixed Interest Rates are 1% - 2.5% higher than Floating Interest Rates. The increase and decrease in the Floating Interest Rate is temporary, as it varies as per the market trends, movement of the benchmark rates and as determined by the bank. Fixed Interest Rate. Floating Interest Rate. Higher Interest Rate.
With effect from 4 th June 2020, the savings account interest rate applicable would be: For end of day balance below ₹ 50 Lakhs. For end of day balance of ₹ 50 lakhs and above. 3.00%. 3.50%.
Here are some details on loan from the bank and ICICI home loan interest rate: Interest rate - 9.00% - 10.05%* P.a; EMI starts at a nominal cost of Rs. 805 per Lakh.
Illustration: If an existing customer with a loan amount of Rs 2.5 million at 9.10% interest rate (I-MCLR-1Y (8.55%) + 0.55%) and if the customer opts to switch-over to Repo linked rate, then the applicable interest rate will be 8.90% per annum since the applicable ROI for new loan with the same category of customer is Repo rate (5.15%) + 3.50%. ICICI home loans offer interest rates starting from 9.00% – 9.70% per annum for salaried individuals and 9.00% – 9.85% per annum for self-employed individuals. The interest rate will vary based on the loan amount, the property value, and the applicant’s credit score. ICICI home loan also offers a range of home loan schemes such as women Up to 0.5 % of the sanctioned amount for KCC. Up to 1 % of the sanctioned amount for ATL. Further Interest / Default Interest/ Penal Interest: 2% per month of the overdue amount, subject to any revision as communicated to the borrower at the time of sanction of the facility / loan. u6vaGUX.