- 9th April 2019. The State Bank of India (SBI) has re-priced home loans up to Rupees 30,00,000 by 10 basis points (bps).
- Accordingly, the interest rate on housing loans of such size will now be in the range of 8.6 to 8.9%.
- The bank has also lowered its lending rates by a nominal 5-basis point across all tenors.
- In a statement, the SBI said the new one-year marginal cost of funds-based lending rate is down to 8.50% now from 8.55%. This is the first reduction by SBI in over 17 months.
Published On : 09 Apr 2019
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