Anoop Bagchi, Executive Director, ICICI Bank said, “We have seen that in the last 12-18 months, customers have put a hold on spending and there has been a lot of demand in the system.” “Over the past few months, macro indicators suggest that there has been a marked increase in consumption and buying patterns. To support this demand and overall economic growth during the upcoming festive season, we are offering an extensive bouquet of offers, discounts and cashbacks to our customers.
Meanwhile, private lenders
also announced home loan at 6.7% interest rate for a limited period. The 90 days offer from the bank provides an additional 0.05% benefit (interest rate at 6.65%*) for prospective salaried women home buyers.
Under this offer, salaried home buyers can enjoy flexible loan tenure of up to 35 years at affordable EMI options with minimal documentation and zero prepayment charges. This offer is applicable for home loan for purchase of property as well as balance transfer from other lenders.
“Given our focus on making the retail book more home Loan Prashant Kumar, Managing Director and CEO, Yes Bank said, “This is a segment that we are looking to expand and increase the book size by 2X over the next three months.
foreign lender hsbc also announced that it has reduced interest rates on home loans by 10 basis points from 6.55% to 6.45%. The special will be effective from 1 October 2021 to 31 December 2021.
“We believe this reduction in home loan rates will help reduce the interest burden of customers and make home ownership more affordable,” said Raghujit Narula, Head Wealth & Personal Banking, HSBC. India.