ICICI, HDFC cut rates on select loans

ICICI, HDFC cut rates on select loans

BS Reporters / Mumbai September 24, 2007

Loans for purchases of homes and cars are getting cheaper with ICICI Bank, the country's largest retail lender, and Housing Development Finance Corporation (HDFC), a leading mortgate lender, announcing cuts in select lending rates.

ICICI Bank today announced it would offer retail loans other than home loans at 50 basis points lower interest, but on a floating basis.

HDFC has announced a festival offer