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SBI cuts home loan interest rates from 6.70%; women borrowers to get special concession


SBI cuts home loan interest rates from 6.70%; women borrowers to get special concession
PTI/File
State Bank of India (SBI) has announced a cut in home loan interest rates starting from 6.70 percent for loans up to Rs 30 lakhs and 6.95 percent for loans above Rs. 30 lakhs and up to 75 lakhs. The big-ticket loans above Rs. 75 lakhs would get home loans at 7.05 percent.
Women borrowers will get a special 5 bps concession when they apply for a loan from the ease of their home via the YONO App to earn an additional interest concession of 5 bps.
C S Setty, MD (Retail & Digital Banking) said, “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”. The interest rate cut would give a fillip to the real estate sector, Setty added. ....

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SBI hikes interest rate on home loan, check revised rate 
State Bank of India s (SBI) home loan has hiked the minimum home loan interest rate. SBI home loan interest rates now start from 6.95 per cent. The change in the interest rate came into effect from April 1.
SBI, the country s largest lender, had in March announced a special offer on home loan. The bank was offering home loans at interest rate starting from 6.70 per cent. The offer was valid till March 31.
The bank has now increased the interest rate for home loans by 25 basis points. The new rate (minimum) now stands at 6.95 per cent. ....

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