While SBI raised the marginal cost of funds-based lending rate (MCLR) for 1-year tenure by 10 bps, it has increased rates of external benchmark and repo-linked lending rates by 25 bps each.
SBI is offering as low as 8.60% interest rate on regular home loans to customers under the new offer. However, it needs to be noted that SBI s home loan rates vary depending upon credit scores.