State Bank of India Housing Loan: Interest rates down by 0.25%!
Posted on: 13/Apr/2015 2:18:31 PM
Following the insistence of the Reserve Bank of India’s order to extend the benefit of the lower interest rates to the common citizens, all the banks came up with an abrupt announcement on reduce interest rates.
HDFC reduced the interest rates for loans to 9.9% a few days ago. State Bank of India has followed with a reduction in interest rate by 0.25% to 9.9%.
Interest rates for women are fixed at 9.85%.
The reaction in interest rates for housing loans will be applicable to the loans approved from 13th April.
With its recent reduction of interest rates by 0.15%, SBI has now announced a further reduction by 0.10%.
