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SBI cuts home loan interest rate to 6.70%
State Bank of India (SBI) on Saturday said it has reduced home loan interest rate to 6.70 per cent. The lender said home loan interest rates are now starting from 6.70 per cent for loans up to Rs 30 lakh and 6.95 per cent for loans above Rs 30 lakh to Rs 75 lakh. The interest rate on home loans above Rs 75 lakh is 7.05 per cent, the bank said in a release. The affordability for the consumer increases immensely with the present home loan interest rate offerings which reduce the EMI (equated monthly instalment) amounts substantially, its managing director (retail and digital banking) C S Setty said.
SBI customers alert! State Bank of India takes BIG decision on home loans - Check details
The country s largest lender State Bank of India (SBI) has given a big gift to the home buyers
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Updated: May 1, 2021, 03:55 PM IST
SBI Home Loan: The country s largest lender State Bank of India (SBI) has given a big gift to the home buyers. SBI has reduced the interest rate on home loans and is now offering exclusive interest rates starting from 6.70% onwards.
CS Setty, MD (Retail & Digital Banking) said, SBI, being the market leader in home finance, assumes the ownership in bolstering consumer sentiments in the home loan market. The affordability for the consumer increases immensely with the present home loan interest rate offerings which reduce the EMI amounts substantially. I am sure these measures will give a fillip to the real estate industry too .
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SBI customers alert! State Bank of India is offering special concession for women borrowers, details here
The State Bank of India (SBI) on Monday said it will be offering further reduction of interest on home loan rates to women borrowers.
DNA Web Team
Mar 9, 2021, 07:01 PM IST
The State Bank of India (SBI) on Monday said it will be offering further reduction of interest on home loan rates to women borrowers. The offer will be valid till March 31, 2021. Read more about it here.
1. Here s what SBI said
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On the occassion of International Women s Day on March 8, country s top lender in a tweet said, On Women s Day, we make it special with an additional concession of 5 bps to women borrowers and interest starting at 6.70% onwards .