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SBI Cuts Home Loan Rate To 'Lowest In The Industry'
SBI announces 25 basis point rate cut in home loans Home loan rate down from 8.6% to 8.35%, says SBI New rate will be effective from May 9, India's largest bank adds
08 May 2017, 03:58 PM IST 
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SBI said the home loan rate cut will give a fillip to the affordable housing segment.
SBI or State Bank of India has announced a rate cut in home loans by 25 basis points - from 8.6 per cent to 8.35 per cent - the "lowest rate in the market", according India's biggest bank. The new rate will be effective on new home loans from May 9, 2017. The effective interest rate for all customers will be 8.35 per cent for loans up to Rs 30 lakh. The eligible borrowers can also an avail an interest subsidy of Rs. 2.67 lakh under t...
