The bank's home loan rates start at 6.75 per cent and car loan rates at 7 per cent. It has also waived off processing fee on home loans.
State Bank of India (SBI) on Saturday said it has reduced home loan interest rate to 6.70 per cent.
The bank in a release said women borrowers will get further concession of 5 basis points in rate of interest over and above this reduction for such loans. The new rates are effective from November 1.
Kotak Mahindra Bank (Kotak) on Thursday announced that it has reduced its rate on home loans by a further 10 basis points (bps) to 6.9 per cent per annum.
Private sector lender Kotak Mahindra Bank on Friday reduced its interest rate on home loans to 7 per cent, at par with market leader SBI's offering.
State-owned Union Bank of India on Monday announced a cut in its marginal cost of funds-based lending rate (MCLR) by up to 15 basis points across various tenors, effective August 11.
State-owned UCO Bank on Friday announced reduction in its marginal cost of funds-based lending rates (MCLR) by 10 basis points across all the tenors.
HDFC Bank has reduced its marginal cost of funds-based lending rates (MCLR) by 10 basis points across all tenors with effect from Friday.
State-run Union Bank of India on Friday announced reduction in its marginal cost of funds-based lending rate (MCLR) by 20 basis points across tenors.
The country's largest lender State Bank of India (SBI) on Wednesday said it has reduced its marginal cost of fund-based lending rate (MCLR) by up to 15 basis points across various tenors, effective March 10.
The State Bank of India today announced a 5 basis point cut in its Marginal Cost of Funds-Based lending rates (MCLR). So effectively, interest rates on all home loans or any other loan linked to MCLR will go down. In this article, we try to explain how MCLR cut will impact you vis-a-vis EMIs.
India's one of the largest private lenders HDFC Bank has revised its home loan interest rates, right after SBI and RBI slashed their MCLR rate and repo rate respectively. This change has come into effect from August 14, 2019. With this reduction in interest rates, home loan EMIs at HDFC Bank has become cheaper. Among all who are willing to apply for a home loan, salaried women would enjoy most benefits.
SBI reduced its MCLR by 5 basis points (0.05 per cent) across all tenors with the one-year MCLR coming down from 8.55 per cent per annum to 8.50 per cent per annum.
State-owned Corporation Bank on Friday reduced interest rates on home, auto and consumer durables loans by up to 1.75 per cent to cash in on the festival season demand.The bank cut lending rate on home
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