State Bank of India announced a cut in home loan interest rate by up to 0.25 per cent for new borrowers.
For women borrowers the rate has been aligned to the base rate at 9.85 per cent per annum, while for other borrowers the interest rate will be 9.90 per cent, 5 basis points higher than the base rate or the minimum lending rate.
The rates will be applicable for all new home loans sanctioned on or after April 13, SBI said.
"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!
Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/
