State Bank of India (SBI) has been making pro-active moves in the Indian banking and financial services sector over the last few months. SBI has previously reduced interest rates on home loans to their lowest possible threshold while ushering in home loan products linked to the benchmark or repo rate of the Reserve Bank of […]
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Will you benefit immediately if your home loan is linked to the repo rate?
Leading banks and financial institutions have already lowered their MCLR or their marginal cost of funds based lending rates. These include the Bank of Baroda (BoB), State Bank of India (SBI) and Bank of India (BOI) among others. However, those customers who had applied for and taken home loans post the 1st of October, 2019, […]
Home loans become even more affordable at SBI
The Reserve Bank of India (RBI) has already announced its latest monetary policy and State Bank of India (SBI) has cut lending rates once again, enabling considerably affordable home loans for customers. State Bank of India (SBI) has also lowered its FD (fixed deposit) interest rates in turn. The bank has also confirmed a reduction […]
SBI to guarantee buyer refunds in case of project delays by builders
The Reserve Bank of India (RBI) has been striving to make home loans more accessible and attractive for prospective home buyers. It has already cut the repo rate several times in succession while banks like SBI (State Bank of India), the country’s biggest bank, has also reduced its MCLR rates thereafter. It has also come […]
Home loan interest rates fall below 8% at SBI for very first time in 17 years
There is good news in store for home loan customers in India and prospective home loan borrowers. For the very first time in a whopping 17 years, the rates of interest on home loans at State Bank of India (SBI)has fallen below the 8% mark. SBI was the first Indian bank to link loan products […]
