The country's largest private sector lender ICICI bank has decided to rather increase
the repayment tenor for its home loan customers while cutting down their monthly installment amount.
Reason for this step is Inflationary pressure and rising interest. The new EMI amount for its customers would be
applicable from April 2008. If a customer wanted to continue with the existing EMI,
the borrower can approach the bank for resetting the EMI.
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