State Bank of India (SBI) and ICICI Bank have cut their respective lending rates for home loans to boost housing credit during the festive season. SBI has slashed interest rates by 0.15 per cent for its home loans up to Rs 75 lakh, while ICICI Bank is offering overdraft facility along with home loan. SBI's home loan would be available at 9.15 per cent while women borrower will get at 9.10 per cent. The bank has also waived off all processing fees for loans during the festive season ending December 31, 2016. Similarly, private-sector lender ICICI Bank announced the launch of a credit facility against home loans for salaried customers. Christened 'ICICI Bank Home Overdraft', this offering helps a salaried customer to seek loans up to Rs 1 crore for personal needs against his or her property. This offering provides customers with the dual advantage of a term loan and an overdraft facility.