SBI has slashed interest rates, offering home loans at 8.5%. This is the lowest in 6 years, triggering a rate war. ICICI Bank slashed home loan rates in response to this rate cut. ICICI Bank offers home loans up to INR 75 Lakhs at 8.65% for female borrowers. For male borrowers interest rate on home loans up to INR 75 Lakhs is 8.7%.