IDBI cuts floating rate for home loans by 0.50 per cent

Mumbai: IDBI Bank has reduced its home loan floating rates by 0.50 per cent to 10.50 per cent beginning October 12 till December 31, the bank said in a press release.
IDBI has also launched a special "buy now, pay later" scheme wherein buyers of properties under construction can choose to avail of a moratorium period of up to 18 months for payment of equated monthly instalments.

The Bank has also decided to reduce its processing fees to a nominal Rs1,000 during this period.