ADVERTISEMENT
SBI Home Loans Get Cheaper: Key Things To Know
10 Oct 2019, 08:00 PM IST 
SBI's MCLR reduction follows a 25 basis points cut in the repo rate by RBI.
State Bank of India or SBI has reduced its benchmark lending rate by 10 basis points or 0.10 percentage points across all tenors. The new rate, effective from today, marks the sixth reduction by SBI this financial year. SBI's marginal cost-based lending rate or MCLR, the rate to which all of its home loans are linked, now stands at 8.05 per cent for the one-year tenor, from 8.15 per cent earlier, according to SBI's statement. SBI sai...
