Business

SBI reduces the interests on home loans significantly

Due to the pandemic, the Reserve Bank of India had reduced the Repo Rate to 4%. The biggest benefit if that has been to the Home Loan segment as the interest rates fall to a decade low.

By Aditi Swarup
Credits - Indiacsr.in

Due to the pandemic, the Reserve Bank of India had reduced the Repo Rate to 4%. The biggest benefit if that has been to the Home Loan segment as the interest rates fall to a decade low.
The State Bank of India (SBI) as reduced their loan interests further for home loans. For self-employed loan seekers, the present interest rates are 7.10% to 7.60% and for salaried, the loan interests are 6.95% to 7.45%. They have also introduced other offers like zero processing fees etc.

A tweet by SBI read, “Knock Knock! Who’s there? Concessions on SBI Home Loans through YONO.”

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Aditi Swarup

Aditi Swarup has done her graduation in Mass Media from Mumbai University as a top performing student of her class. She is a Marketing, Research and Business enthusiast who has been published by reputed journals.
She is currently working as a journalist at Business Upturn, her focus is on covering stories on Indian Politics and Business.
You can reach her at [email protected]

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