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SBI and ICICI unveils host of benefits

Posted on: 03/Nov/2016 11:51:42 AM
To cash in on the festive fervor, the SBI and ICICI, have unveiled a host of benefits such as reduction in rates, waiver of processing fee and overdraft facility to cash.
 
The SBI slashed interest rates by 0.15 per cent for its home loans up to Rs 75 lakh, while ICICI Bank is offering an overdraft facility along with home loans.
 
On a home loan of Rs 50 lakh, reduction in interest rate by 0.15 per cent will help a buyer to save Rs 542 per month and around Rs 2 lakh during a loan tenure of 30 years. SBI home loan will be available at 9.15 per cent, while women will get it at 9.10 per cent.
 
ICICI Bank is offering salary account-holders, credit from Rs 5 lakh going up to Rs 1 crore against properties owned by them. The home overdraft will offer a dual advantage of a term loan as well as an overdraft facility.

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