Good news for home loaners, India’s top lender State Bank of India recently announced to relief in retail rates with cut by up to 50 basis points, 0.25-0.60 %.
As per SBI revised plan, Car loans above Rs. 75 lakh will be charged 10.40% interest rates from existing 11.25%, while Home Loans of Rs. 30 lakh- Rs. 75 lakh will be charged to 10.40%, from 10.75%.
People who lend money upto Rs. 30 lakh will now pay interest with 10.25% from current 10.50%. Read more
