IDBI Bank reduces fixed Home Loan Rates

IDBI Bank has announced today that it has cut the interest rates on fixed home loans by about 100 basis points with effective from 1st September. IDBI has also said that the floating rate housing loan interest rates remain unchanged at 11.25%.

For IDBI Fixed Housing Loans, the revised rate for loans up to three years is 12.5% from 13.5-14% and for loans up to five years it is 12.75% from 13.75-14.25%.