SBI ups home loan rates by 50bps

SBI ups home loan rates by 50bps
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Planify Author

Financial Analyst Intern
Publish Date20 June 2022
Reading time1 Min

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The country’s biggest lender State Bank of India (SBI) has hiked interest rates on home loans by 50 basis points (1 (100bps = 1 percentage point) to 7.55%. The new rates are effective June 15 and follow the Reserve Bank of India’s decision to hike the repo rate by 50bps.

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