Mehta: “ICICI, like most banks, has different rate slabs. For a CIBIL score above 780, they often offer 8.50% or even 8.40% under festive or special schemes. Also, if you transfer your salary account to ICICI, you might get a 0.05% concession.”
After a few calls and a follow-up email, the bank revised the offer to — a reduction of 0.25%. icici home interest rates
Let’s look at the numbers:
Rohit: “They said 8.65% is their standard offer.” Mehta: “ICICI, like most banks, has different rate slabs
The next day, Rohit logged into ICICI’s website and saw a note: “Existing salary account customers get 0.10% off. CIBIL > 800 gets 0.15% off.” Let’s look at the numbers: Rohit: “They said 8
That weekend, at a family dinner, Rohit mentioned the loan. Uncle Mehta asked, “Did you check if you qualify for a lower rate based on your credit score or relationship with the bank?”
They approached ICICI Bank, which offered a home loan at (floating rate) for a 20-year tenure. The EMI came to about ₹50,400. The couple was ready to sign.