State Bank of India and ICICI have announced a reduction in interest ratio. SBI has announced a reduction in the interest ratio by 0.15 percent. ICICI has announced a reduction in the interest rate by 0.10 percent.
With this reduction in interest ratio, State Bank of India interest on housing loans has come down to 8.90. ICICI housing loan interest has come down to 8.95 percent.
Both the banks have announced that the new reduced interest rates will be effective from 1st November.