Public sector lender IDBI Bank has annnounced a dip in interest rates of home loans as part of festival offer.

All existing floating rate home loans of the bank have been given a 25-50 bps dip.

New customers have been offered a new fixed cum floating home loan product by the bank.

As per the new home loan rates, for loans upto Rs 25 lakh, the interest would be 10.75% and 11% for loans from Rs 25lakh to Rs 30 lakh.

For loans above Rs 30 lakh and upto Rs 75 lakh, the interest would be 11.25% and 11.75% for loans above Rs 75 lakh.