Country's largest lender State Bank of India (SBI) has announced cut in its home loan rates
The Times of India report said that “home loans for women (or loans with women as co-borrowers) will be available for 20bps above the benchmark rate, which translates into 9.1%
“For all other borrowers, home loans will be available at 9.15 %”, it added.
The new loan rates are a part of the festival rates and will be applicable for loans sanctioned in November and December 2016.
Apart from cut in the loan rate, SBI has also waived off all processing fees.
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