sbi bank of india
Aug. 8 (Bloomberg) -- State Bank of India has reduced interest rates on home loans by between 50 basis points and 75 basis points for new customers, the Economic Times reported without saying where it got the information.
The state-run lender will charge an interest rate of 8 percent over a five-year period on loans worth up to 500,000 rupees ($10,450), the report said. For larger mortgages, the bank will charge 8 percent in the first year and 8.5 percent over the next two years, it said.
Aug. 8 (Bloomberg) -- State Bank of India has reduced interest rates on home loans by between 50 basis points and 75 basis points for new customers, the Economic Times reported without saying where it got the information.
The state-run lender will charge an interest rate of 8 percent over a five-year period on loans worth up to 500,000 rupees ($10,450), the report said. For larger mortgages, the bank will charge 8 percent in the first year and 8.5 percent over the next two years, it said.
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