Cut In Home Loan Rates Offers Savings To Borrower: SBI Chief
Monday, January 9, 2017, 12:37 PM
Chairperson of SBI, Arundhati Bhattacharya, said the interest rate cut on home loans, offers significant savings to borrowers. A person can save INR 2,333 per month on a home loan of INR 50 Lakhs, with a 30 year tenure, at revised interest rates of 8.6%. Yearly savings can go to INR 27,996 and for 30 years, the total savings can be INR 8.39 lakhs.