Home Loan Becomes Cheapest As SBI, UNION And Other Banks Slash Rates

Home Loan Becomes Cheapest As SBI, UNION And Other Banks Slash Rates

State Bank of India has reduced its benchmark lending rate by 90 basis points from January 1, has increased its spread on home loans to 50 basis points and above, as compared with 25 bps earlier. This means that the lowest home loan rate a borrower can avail of with the largest lender in the country is 8.5 per cent.

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