Sbi Home Loan

SBI Home Loans To Become Cheaper, Fixed Deposits To Fetch Lower Returns: 10 Points

Business | Edited by Sandeep Singh (with inputs from agencies) | Friday February 7, 2020

State Bank of India (SBI) on Friday announced a reduction in its MCLR or marginal cost of funding-based lending rates by 5 basis points across tenors, and a cut in its fixed deposit interest rates. That marked the ninth cut in the MCLR so far in the current fiscal year. The bank said the new rates for home loans and fixed deposits will take effect ...

SBI's New Home Financing Scheme A Lifeline For Builders, Buyers

Business | Dhwani Pandya, Bloomberg | Monday January 13, 2020

State Bank of India on Wednesday said it will finance both builders and homebuyers, charging developers a premium and offering the latter a refund if their apartments are left unfinished.

SBI Home Loans To Become Cheaper As Lender Lowers Benchmark Rate

Business | Indo-Asian News Service | Monday December 30, 2019

The RBI's Monetary Policy Committee (MPC) had cut the benchmark lending rate (repo rate) by 25 bps to 5.15 per cent in October. However, after five consecutive rate cuts cumulatively amounting to 135 bps, the RBI kept the interest rates unchanged earlier this month. RBI Governor Shaktikanta Das had pointed out that against the repo rate cut of 135 ...

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 | 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 | 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.

SBI Cuts Interest Rates On Home Loans, Fixed Deposits

Business | Edited by Sandeep Singh | Monday September 9, 2019

SBI home loan interest rate: The move marked the fifth consecutive reduction in MCLR by the country's largest bank so far this financial year.

SBI Repo-Linked Home Loan Rate Falls From Today, Details Here

Business | Anshul | Sunday September 1, 2019

A repo rate-linked home loan means that any changes in the key interest rate by the central bank are passed on directly to the customers.

SBI To Offer New Repo-Linked Home Loan Rates From September 1, Details Here

Business | Anshul | Friday August 30, 2019

SBI has a 2.25 per cent or 225 basis-pointmark-up over the repo rate, which is 5.40 per cent. Any changes in the RBI's repo rate will be reflected in State Bank of India's repo-linked lending rate, and passed on to the home loans.