Home Loan Interest Rate

Interest Rates On House Loans And How Do They Impact Repayment?

Business | NDTV News Desk | Tuesday June 8, 2021

People take the interest rate on their housing loans seriously as it impacts the final cost of the house and also the EMI outgo

State Bank Of India Cuts Home Loan Interest Rates To 6.70%

Business | Edited by Nikita Prasad | Saturday May 1, 2021

State Bank of India's home loan interest rates now starts from 6.7 per cent for loans up to Rs 30 lakh and 6.95 per cent for loans between Rs 30 lakh and Rs 75 lakh.

'Reduction In Home Loan Rates To Spur Demand For Residential Properties': Experts

Business | Edited by Nikita Prasad | Saturday March 6, 2021

Lower interest rate on home loans: Along with the low-interest rates, banks are providing various offers including discounts on processing fees or special benefits for women customers to lure homebuyers.

State Bank Of India Reduces Home Loan Interest Rate To Record Low Of 6.7%

Business | Edited by Abhishek Vasudev | Monday March 1, 2021

State Bank of India, the country's largest lender, on Monday reduced its interest rate on home loans up to Rs 75 lakh to 6.70% from 6.8%.

HDFC Cuts Lending Rates By 0.2%, Home Loans Cheaper From Today

Business | Edited by Abhik Deb (with inputs from agencies) | Friday June 12, 2020

The new rates will now range between 7.65-7.95 per cent

SBI Loans Get Cheaper From Today As New Lending Rates Take Effect

Business | Edited by Abhik Deb | Sunday May 10, 2020

The one-year MCLR will come down to 7.25 per cent, from the current 7.40 per cent with effect from May 10.

Latest Interest Rates Charged By SBI On Home Loans

Business | Edited by Anshul | Wednesday December 11, 2019

SBI's marginal cost-based lending rate or MCLR, the rate to which all of its home loans are linked, now stands at 7.90 per cent for the one-year tenor, down from 8.00 per cent earlier, according to SBI's statement.

SBI Home Loan Borrowers To Pay Lower EMIs From December 10

Business | Edited by Anshul | Monday December 9, 2019

SBI home loan EMIs: The move marked the eight consecutive reduction in MCLR by SBI so far this financial year.

SBI Home Loans Get Cheaper From Today, Details Here

Business | Edited by Anshul | Sunday November 10, 2019

SBI home loan rates: SBI's marginal cost-based lending rate or MCLR now stands at 8 per cent for the one-year tenor, down from 8.05 per cent earlier.

SBI Home Loans Get Cheaper: Key Things To Know

Business | Edited by Anshul | Thursday October 10, 2019

SBIsaid the revision in MCLR is "in view of the festival season and extending the benefits to customers across all segments."

SBI Reduces Key Lending Rates, Home Loans To Get Cheaper

Business | Written by Anshul | Wednesday October 9, 2019

From October 10, the MCLR will stand reduced to 8.05 per cent for the one-year tenor, as against the existing 8.15 per cent, according to SBI's statement.

SBI Links Repo Rate With Floating Rate-Based Loans, Details Here

Business | Written by Anshul | Tuesday October 1, 2019

Repo rate is the key interest rate at which the RBI lends short-term funds to commercial banks.

SBI To Link Floating Rate Loans With Repo Rate: 10 Things To Know

Business | Edited by Anshul | Sunday September 29, 2019

State Bank of India (SBI), the country's largest bank, recently said that it would adopt the repo rate as external benchmark for all its floating rate-based loans from October 1. The change will impact floating rate loans for small businesses, home and retail loans, the bank said in a statement. Repo rate is the interest rate at which the Reserve B...

SBI Withdraws Repo-Linked Home Loan Scheme, Details Here

Business | Edited by Anshul | Sunday September 22, 2019

RLLR or repo-linked lending rate means that any changes in the key interest rate by the central bank are passed on directly to the customers.

SBI Home Loans Get Cheaper From Today, Details Here

Business | Edited by Anshul | Tuesday September 10, 2019

State Bank of India's MCLR, the rate to which all of its loans are linked, now stands at 8.15 per cent for the one-year tenor, from 8.25 per cent earlier, according to SBI's statement.