State Bank of India (SBI) is offering interest rate discounts on home loans for those having a good CIBIL score, A Good CIBIL Score Can Get You Cheaper Home Loan; Check Details
The MCLR-based rates will now range between 8% and 8.75%. The bank revised Benchmark Prime Lending Rate to 14.95% from 14.85%, effective from September 15, 2023.
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.
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