how to reduce home loan interest rate in ICICI bank

Hey there, I think everyone knows how important it is to keep your credit card score i.e. CIBIL score high. One of the methods to reduce financial liability and stress on you is by reducing interest rate. If you are wondering what are the ways to reduce home loan interest rate. You have come to the right place. I will be answering your doubts about the topic. How to reduce interest rate on home loan ICICI?

• Balance Transfer 

You can reduce the interest rate by conducting a balance transfer to a new lender who is offering a lower interest rate than the previous lender. 

• Financier

How can I reduce my home loan interest rate in ICICI bank? You can approach a financier to reduce the interest rate, The Financier will be able to help you out and guide you along the process. 

• Shorter Tenure

Another trick to reduce the interest is by choosing a shorter tenure. A shorter loan period will reduce the amount of interest you will have to pay. 

• Compare

Do your due diligence and compare the interest rate being given by different banking institutions to get the best offer. Below is a chart showcasing the slab and floating interest rate according to ICICI. Salaried Borrower :

Slab	Floating Interest rate
Up to ₹35 lacs	RR + 2.70% (6.70%) - RR + 3.15% (7.15%)
₹35 lacs to ₹75 lacs	RR + 2.70% (6.70%) - RR + 3.30% (7.30%)
Above ₹75 lacs	RR + 2.70% (6.70%) - RR + 3.40% (7.40%)

Self Employed :

Slab	Floating Interest rate
Up to ₹35 lacs	RR + 2.80% (6.80%) - RR + 3.30% (7.30%)
₹35 lacs to ₹75 lacs	RR + 2.80% (6.80%) - RR + 3.45% (7.45%)
Above ₹75 lacs	RR + 2.80% (6.80%) - RR + 3.55% (7.55%)

  Above mentioned interest rates will vary basis various parameters such as the Bureau Score, Profile, Segments, etc.This is the end to my answer about what are the ways to reduce home loan interest rate in ICICI bank. If you want help with getting the best loan that you possibly can. Check out NoBroker Loan Services. Read more : How to get home loan statement from ICICI bank? Multiple loans in ICICI Bank Home loan NO DUES Certificate What is the current home loan interest rate in LIC?  Avail Home Loan and know the Eligibility Criteria via NoBroker here [widget_homeLoan_checkEligibility_form]