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SBI reduces interest on Home Loans by 0.25%

Today SBI State Bank of India has reduced 0.25 % interest per year on Home Loans upto Rs 30 lakhs in affordable housing loans to 8.35% for new borrowers. For male borrowers, the limited period offer is valid till July 31 and the reduction is 20 basis points (bps) to 8.40%. The new rate reduction of 25% for women will be for the salaried borrowers and for the non-salaried, it will be 20 bps cut.

Similar will be the rates applicable to male salaried and non-salaried borrowers.

One percentage point is 100 bps.

As per source.