alexa

Search in Indianmoney's WealthPedia

 
Home News Home loans set to get cheaper as SBI lowers lending rate by 25 bps

Read more interesting news from around the globe with Indianmoney App

Google Play
 
Get the Best Financial Advice on Children Education PlanningClick Here
 
 
Home loans set to get cheaper as SBI lowers lending rate by 25 bps

Home loans set to get cheaper as SBI lowers lending rate by 25 bps

Tuesday, December 31, 2019, 12:36 PM

SBI, the country's largest lender, on Monday cut its lending rates linked to the central bank's repo rate by 25 basis points (bps) to 7.8%, lowering borrowing costs for small businesses and homebuyers. The new rate, SBI said, will be applicable from 1 January. "New homebuyers will get loans at an interest rate starting from 7.90%. (previously at 8.15%)," SBI said in a statement.
Read More

Learn to Save, Spend, Invest & Borrow Wisely with our Youtube Channel

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
CIBIL Meter
Get It now!
Attention!

This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.