But there was a twist. Unlike the old MCLR days, ICICI offered a . In October 2023, Sunil walked into the bank again. He asked for the one product that protects you from rising rates: The Fixed Rate (without reset).
If you are taking a loan today (April 2026), ask ICICI for the Repo Rate + 2.40% spread if your CIBIL is 800+. And always, always ask for a Reset Period of 3 months instead of 6 months. It keeps you honest with the market.
He called Mr. Sharma. "Why am I paying 9% when new customers get 6.9%?"
Part 1: The Dream and the Fine Print For Sunil and Priya Mehta, the dream was a modest 2-BHK in Pune’s Baner neighborhood. In 2018, the price was ₹75 lakhs. They had saved ₹15 lakhs for a down payment. For the remaining ₹60 lakhs, they needed a bank.