SBI cuts home loan interest rate to 6.7%

Mumbai, September 16

The State Bank of India on Thursday announced various festive offers for prospective home loan customers, including a credit score-linked home loans starting at 6.70%, irrespective of the loan amount.

Earlier, a borrower availing a home loan above Rs 75 lakh had to pay 7.15% interest. With the introduction of the new offer, a borrower can now avail home loan for any amount at a rate as low as 6.70%, the bank said. This will result in a saving of 45 basis points (bps) . — PTI