SBI believes that it is important to offer better rates to customers displaying good repayment history.
January 8, 2021HDFC reduces its Retail Prime Lending Rate (RPLR) on housing loans.
November 10, 2020SBI now offers interest rates starting as low as 6.90 per cent for a home loan of up to Rs 30 lakh and 7 per cent for above Rs 30 lakh.
October 22, 2020With the reduction in rates, ICICI Bank's one year MCLR is 7.45 per cent, and six month MCLR is 7.40 per cent.
August 3, 2020This is the 14th consecutive reduction in the bank's MCLR, which continues to be the lowest in the market.
July 8, 2020The move comes after the country’s largest lender SBI slashed its MCLR by 25bps.
June 12, 2020The bank also slashed its interest rates on retail term deposits by 20 basis points for 'up to 3 Years' tenor, effective from May 12.
May 7, 2020SBI has also decided to cut in the retail fixed deposits or FD rates. The reduction in MCLR and FD rates will come into effect from February 10.
February 7, 2020With the new year knocking at our doors, SBI is going to make a few important changes and introduce some new policies aimed to benefit the people.
December 31, 2019In line with equity and financial markets expectations, the Reserve Bank of India’s six-member monetary policy committee on Wednesday increased its policy repurchasing or repo rate (at which it lends short-term loans to commercial banks) by 25 basis points or 0.25 per cent from 6.25 per cent to 6.50 per cent. This is the second …
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August 2, 2018Home loans may get cheaper with bankers indicating that interest rate on such loans will come down following reduction of risk weights by the RBI. The decision to reduce the risk weights for home loans over Rs.30 lakh category will release capital for the banking industry and is a positive move, SBI chief Arundhati Bhattacharya …
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June 8, 2017Over four crore subscribers of the retirement fund body EPFO can now make down payment and pay EMIs from their EPF accounts to buy homes. The subscribers of the the Employees Provident Fund Organisation (EPFO) will be able to withdraw up to 90 per cent of their accumulations in their PF account for purchase of …
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April 24, 2017Home loans are set to turn cheaper with state-run Bank of Baroda on Monday lowering its rate to as low as 8.35 per cent — the lowest across industry –while some other lenders including Allahabad Bank and Bank of Maharashtra also cut their rates for housing and other loans. Smaller private sector player Sundaram BNP …
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January 9, 2017Joining the lending rate cut spree, foreign lender Citi India on Friday reduced its home loan rate by 0.7 per cent. It will reduce the interest rate to 8.80 per cent from 9.50 per cent, effective January 9, Citi India said in a statement. The reduction in the home loan rate is reflection of our …
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January 6, 2017