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9
June 2017
The
State Bank of India (SBI) on Friday announced reduction in home loan interest
rates by 10 basis points (bps) for salaried women who take a loan of above Rs
75 lakh, effective from June 15.
"Home
loans above Rs 75 lakh will now be cheaper by 10 bps with effect from June 15.
The revised interest rates will be 8.55 per cent per annum for salaried women
borrowers. For others the rate of interest will be 8.60 per cent per
annum," SBI said here in a statement.
Currently,
SBI home loan interest rates stand at 8.65 per cent.
This is
the second reduction in interest rates in last two months. SBI had reduced its
interest rates by 25 bps on April 9. The
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Rajnish
Kumar, MD, National Banking, SBI said: "SBI has always been at the
forefront in keeping the customers benefit first. This interest rate reduction
will help home buyers come closer to their dream home. The Total Investment & Insurance Solutions
"Taking
a cue from the recent RBI reduction in risk weightage on home loans, SBI is
passing on the benefit to its customers by reducing its interest rates on home
loan above Rs 75 lakh."The Total
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