IDBI Bank Ltd. cuts down the floating rate of interest.
After HDFC, again IDBI Bank Limited has slashed down its Floating home loan rates by 0.5% for the loan amount above 20 lacs. The new rates would be applicable from this week.
- For a Loan Upto Rs.20lacs, the Rate of Interest will be 9.25%.
- For a Loan above 20 Lacs, the Rate of Interest will be 10.25%.
So, its really a good time to invest into home loan & the dream of your own house can become true at cheaper cost.