SBI Home Loan
State Bank of India (SBI) is witnessing a significant growth in its home loan segment since it cut rates in the beginning of August. Officials of the country’s largest lender revealed that number of home loan applications being received per day has now doubled to 800 from 400. However, the officials stated that since there [...] Continue Reading »
A Memorandum of Understanding (MoU) has been signed between Bihar government and the State Bank of India to provide home loan to state government employees at cheaper rates. As per the MoU, the government being the guarantor would deduct the EMI from the loan beneficiary’s salary if he/she is in default on the loan. This [...] Continue Reading »
With major banks and housing finance companies (HFCs) raising mortgage rates, it is tough times for a large number of home loan customers with floating rates. On Tuesday, State Bank of India, the country’s largest bank, raised both its deposit and lending rates, taking its effective home loan rate to 10.25%. A back of the [...] Continue Reading »
