SBI cuts interest on home loans above rs. 75 lakh

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Mumbai : Close on the heels of RBI’s policy action, India’s largest lender State Bank of India has lowered interest rates by 10 basis points on home loans above rs. 75 lakh. The new rates are effective June 15, the bank said in a statement here on Friday. For the salaries Woman, the news rate will be 8.55 % while for others, it is 8.60%.

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