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State Bank of India, Bank of Baroda reduce home loan rates by 25-45 bps

For new home loans of Rs 75 lakh and above, SBI will charge 6.7 per cent as against the previous 7.15 per cent

Topics
SBI Home Loan | Bank of Baroda | home loan rates

Subrata Panda & Abhijit Lele  |  Mumbai 



home loans, property, loans, banks, credit
Ahead of the festive season, the home loan market, which has been growing at a good pace throughout the pandemic, is seeing a price war among lenders.

In an effort to grow their home loan business, State Bank of India (SBI) and (BoB) have slashed rates by 25-45 bps, and introduced key changes. For new home loans of Rs 75 lakh and above, SBI will charge 6.7 per cent as against the previous 7.15 per cent. The country’s largest lender will also offer credit score-linked home loans at 6.7 per cent, irrespective of the loan amount.

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First Published: Fri, September 17 2021. 00:48 IST

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