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 […]
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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 […]
Loans get more affordable at SBI; here’s looking at the current rates of interest
Home loans represent a major financial decision in any individual’s life. Home loans are possibly the largest loans taken by people in their lifetime. Home loans can be availed up to Rs. 10 crore in the country across several Indian banks and financial institutions at varied rates of interest. Various interest rates are offered at […]
State Bank of India (SBI) lowers interest rates once again for borrowers
Interest rates on home loans are steadily reducing in the current scenario where the Reserve Bank of India (RBI) has already cut the repo rate 5 times in succession. SBI (State Bank of India), the largest bank in the country, has reduced its lending rates once again for customers. SBI has lowered its Marginal Cost […]
How to get the maximum home loan benefits in the current scenario
All Indian banks have switched to the external benchmarks mandated by the RBI (Reserve Bank of India) for home loan pricing. Most banks have adopted a conservative approach towards this shift although retail customers will naturally benefit more from availing loans tied to an external benchmark. In the present scenario, you should play your cards […]
