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SBI Cuts Home Loan Interest Rate above 75 Lakhs

By Sulastri Wong ⋅ Posted on June 15, 2017 at 6:44am

State Bank of India (SBI) is a large home loan provider. State Bank of India (SBI) has made a big announcement on Friday, 9th June, 2017 that SBI has made a huge reduction in home loan interest rates. For women having salaried salary, which takes loans of more than 75 lakhs, they will get home loan interest at 8.55% per annum and others will get 8.60% per year interest rate by 10 bps (100 bps = 1 percent).

This rule will be applicable from June 15, 2017, if the home loan interest rate of State Bank of India is 8.65%, then according to this, if you take loan after 15th June, 2017, then you will get a bigger discount in home loan. In the last two months, State Bank of India (SBI) has reduced the rate of interest for the second time, before the State Bank of India (SBI) had reduced the rate of interest on April 9, 2017 by 25 bps.

Rajnish Kumar, MD, National Banking SBI said that State Bank of India (SBI) always wants the benefit of its customers first so that all the State Bank of India (SBI) customers taking home loan can fulfill their dreams. We hope that this interest The true SBI customers will be happy due to the rate reduction. In the same way, the State Bank of India (SBI) has provided these facilities to its customers on the same basis as the Reserve Bank of India (RBI) has reduced home loan interest rates.

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