SBI cuts home loan rates

SBI cuts home loan rates
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Highlights

India’s largest lender SBI on Monday announced a steep interest rate reduction of up to 25 basis points for affordable housing loans, offering 8.35% to new women borrowers. Under the new government scheme, loans under Rs 30 lakh qualify for affordable housing. 

8.35% for new women borrowers

Mumbai: India’s largest lender SBI on Monday announced a steep interest rate reduction of up to 25 basis points for affordable housing loans, offering 8.35% to new women borrowers. Under the new government scheme, loans under Rs 30 lakh qualify for affordable housing.

In the male borrower category, the limited period offer is valid till July 31 and the reduction for the salaried is 20 bps to 8.40 per cent and that of non-salaried 15 bps, SBI Managing Director for national banking, Rajnish Kumar, said in a concall.

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