SBI (State Bank of India) has reportedly confirmed the introduction of a home loan product that will be tied to the repo rate from the 1st of July, 2019. The bank has stated that home loans that will be offered likewise to customers will be priced at approximately 2.65% more than the repo rate which […]
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SBI cuts home loan rates twice within a month
SBI (State Bank of India) has definitely brought some good cheer to customers in recent times with some major announcements. This is akin to a festive season in advance for home loan borrowers who are seeking lower interest rates and tenors in turn. SBI cuts home loan interest rates SBI (State Bank of India) has […]
Benefits for SBI account holders from 1st May 2019
Are you an SBI (State Bank of India) customer? Well then you might be in for some good news from the 1st of May 2019. If it’s an explosion of discounts on home loan interest rates (if you’ve been servicing home loan EMIs) or FD and savings bank interest rates climbing up to sky-high levels […]
SBI reduces MCLR after RBI repo rate cut, more to follow
SBI (State Bank of India), the biggest lender in India, has officially confirmed a reduction in its MCLR (marginal cost of funds based lending rate) to the tune of 5 basis points. This will be valid for diverse tenors and will be effective from the 10th of April, 2019 as per reports. SBI has lowered […]
SBI cuts home loan rates, unveils zero processing fees on balance transfer
SBI (State Bank of India) has lowered its home loan interest rates while coming up with enticing processing fee benefits for balance transfers of home loans. Here’s taking a look at the recent developments at India’s largest bank. Interest rates lowered by SBI The Reserve Bank of India (RBI) has lowered the repo rate by […]
