New borrowers to pay more as SBI hikes home loan rates by 25 bps–Check details
Despite Reserve Banks of India’s repo rate cut to 5.5 per cent, aimed at easing borrowing costs, India’s largest mortgage lender, State Bank of India (SBI), has increased home loan rates by 25 basis points for new borrowers. The bank raised the upper band of interest rates by 25 basis points. SBI’s interest rates for home…