ICICI Bank has announced a reduction of up to 15 bps for new home loan customers. The bank will offer home loans up to R75 lakh at a rate of 10.25%, according to sources. For loans above that, the bank will charge an annual interest rate of 10.5% to its new customers. The new loan rates are applicable for all new home loan appli-cations starting Saturday and will be available till January 31, sources said. The move follows SBI and HDFC's decision to reduce their respective home loan rates. SBI lowered its interest rates by 15-25 bps for home loans, while HDFC said it will offer loans up to R75 lakh at 10.25% under a special scheme.