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SBI home loan News

29 Jan 2023

Good News for Home Loan Borrowers! SBI Lowers Lending Rates by 30 to 40 BPS

SBI introduced a new promotion called Campaign rates. This offer is introduced just after the holiday offer. This offer lowers home loan interest rates by 30 to 40 basis points.

15 Aug 2022

SBI raises benchmark lending rates by up to 50 basis points

External Benchmark based Lending Rate (EBLR) and Repo-Linked Lending Rate (RLLR) have been raised by 50 basis points. Hike in Marginal Cost of funds-based Lending Rate (MCLR) is 20 basis points across all tenure. The revised rates are effective from August 15.

Financial changes in June

31 May 2022

From Gold hallmarking to SBI home loan rates--check 5 changes in June

As the month of May comes to an end today, people should be aware of the major financial changes that will take effect next month. From higher home loan interest rates to gold hallmarking, the month of June will bring in significant financial changes.

Union Bank of India

27 Oct 2021

Union Bank slashes home loan interest rate to an all-time low of 6.40%

Union Bank said it is the all-time low rate for home loans for the bank. The low interest will be applicable on loan transfers. Kotak Mahindra Bank is offering home loans at a 6.50% interest rate.

17 Sep 2021

SBI, Kotak Mahindra, BoB offer cheapest home loans amid festive season

SBI is offering home loans at a 6.70 per cent interest rate. Bank of Baroda has also cut the interest rates on home loans by 25 basis points. The bank is now offering home loans at 6.7 per cent per annum while auto loans at 8 per cent.

16 Sep 2021

SBI festive bonanza: Home loans at 6.70% rate, 0% processing fee

SBI is offering home loans at a 6.70% interest rate to all customers, including non-salaried individuals. Customers can get loans at a 6.70% interest rate irrespective of the loan amount. SBI has removed the distinction between salaried and non-salaried borrowers.

State Bank of India

05 Apr 2021

Bad news for SBI customers, home loan interest rates hiked

SBI hikes home loan rate. Processing fee on home loans is back. Processing fee along with GST.

31 Dec 2019

New Year 2020 brings several changes in India; check them out

The New Year 2020 will bring several positive developments in your life along with some changes that may not please you.

09 Oct 2019

SBI cuts lending rates by 10 bps, retail loans to get cheaper

The State Bank of India (SBI) on Wednesday announced lowering its marginal cost of funds based lending rate (MCLR) by 10 basis points across all tenors to 8.05 per cent from October 10. The MCLR cut will make home and other retail loans cheaper for the existing borrowers.

10 Apr 2019

State Bank of India cuts loan rates by marginal 5 bps

The new one-year marginal cost of funds-based lending rate (MCLR) is down to 8.50 percent now from 8.55 percent earlier, the bank said in a statement.

03 Sep 2018

SBI, LIC Housing offer concessional home loan for flood-hit Kerala

SBI, LIC Housing Finance and Muthoot Home on Monday offered loans at concessional rate for repairing and renovation of homes to help people in flood-affected Kerala.

02 Nov 2017

SBI brings home loan rate to lowest in industry: 5 things you must know

SBI has lowered home loan rate by 0.05 percent to 8.30 percent.

03 Nov 2017

Buying a car or home? SBI may have the cheapest option in the market

With this reduction, SBI`s offering in home loan is the lowest in the market.

09 Jun 2017

SBI reduces home loan interest rates by 0.10% for above Rs 75 lakh

The State Bank of India (SBI) on Friday announced reduction in home loan interest rates by 10 basis points (bps) for salaried women who take a loan of above Rs 75 lakh, effective from June 15.

13 May 2017

SBI rate cut for cheaper home loans

02 Nov 2016

Good news for home buyers: SBI cuts home loan rate; ICICI offers overdraft

To cash in on the festive fervour, banks including SBI and ICICI have unveiled a host of benefits such as reduction in rates, waiver of processing fee and overdraft facility.

02 Nov 2016

SBI cuts home loan rates; lowest in 6 years

Apart from cutting the home loan rate, SBI has also waived off all processing fees.

07 Apr 2016

SBI, ICICI cut home loan rate by 0.10%

Leading banks SBI and ICICI on Thursday cut their home loan rates by 0.10 percentage point to 9.4 percent following implementation of a new interest rate calculation regime mandated by RBI.

State Bank of India

29 May 2015

Apply for SBI loans online

Country's largest lender State Bank of India on Friday launched an online customer acquisition solution through which one can apply for home, car, education and personal loans online.

13 Apr 2015

SBI cuts home loan interest rate by up to 0.25%

For women borrowers the rate has been aligned to the base rate at 9.85 percent per annum, SBI said in a statement.

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