SBI has made its housing loan up to Rs 30 lakh more affordable by making a 10-bps cut. Now, a borrower will have to pay between 8.60% to 8.90% interest rates, compared to previous 8.70% to 9% rates on ...

SBI cuts home loan rate: Following the decision of the Reserve Bank of India (RBI) announcement to cut repo rates by 25 basis points (bps), the State Bank of India (SBI) - the country's largest ...

State Bank of India or SBI was the first bank in India to offer a home loan product in which the interest rate is linked to the Reserve Bank's repo rate, when it launched the scheme in July this year.

Last December, SBI had cut its home loan rates by up to 0.4 per cent for new borrowers and for women customers an additional concession of 0.05 per cent was offered. The scheme has been extended ...