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'Reduction In Home Loan Rates Will Help Demand Side Immensely': What Experts Say On Recent Cuts In Home Loans


ICICI bank reduced its interest rate on home loans up to ₹75 lakh to 6.70 per cent
The country s top lenders including State Bank of India (SBI), Kotak Mahindra Bank, HDFC Bank, as well as ICICI Bank recently reduced the interest rates on home loans. Along with the low-interest rates, the banks are providing various offers including discounts on processing fees or special benefits for women customers to lure home buyers. On Friday, March 5, the country s leading private lender ICICI bank announced that it reduced its interest rate on home loans up to ₹ 75 lakh to 6.70 per cent, its lowest in 10 years. (
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SBI home loan, SBI home loan portfolio, SBI home loan business, SBI home loan interest rate


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Fivefold increase in 10 years! SBI home loan portfolio crosses Rs 5 trillion-mark
Keeping its leadership in the home loan segment intact, the State Bank of India (SBI) has reached another landmark by crossing the Rs 5 trillion (5 Lakh crore) mark in its home loan business. The bank has set its sight on achieving a target  of Rs 7 trillion by FY 2024.
The Real Estate and Housing Business unit of SBI has grown 5 times in the last 10 years with assets under management of Rs 89,000 crore in 2011 to Rs 5 trillion in 2021, the bank said in a release.
With interest starting as low as 6.80% per annum, SBI commands a market share of 34% in the home loan segment, it added. ....

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