SBI cuts interest rates on home loans
The Hindu
State Bank of India (SBI) said it will provide credit score-linked home loans at 6.70%, irrespective of the loan amount, to home buyers during the festive season.Earlier, a borrower availing a loan gr
State Bank of India (SBI) said it will provide credit score-linked home loans at 6.70%, irrespective of the loan amount, to home buyers during the festive season.
Earlier, a borrower availing a loan greater than ₹75 lakh had to pay interest at 7.15%. “With the introduction of the festive offers, a borrower can now avail home loan for any amount at a rate as low as 6.70%. The offer results in a saving of 45 bps (basis points) which translates into a huge interest saving of more than ₹8 lakh, for a ₹75-lakh loan with a 30-year tenure,” SBI said in a statement.
Further, the rate of interest applicable for a non-salaried borrower was 15 bps higher than the interest rate applicable to a salaried borrower. SBI has removed this distinction between a salaried and a non-salaried borrower.
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When fed into Latin, pusilla comes out denoting “very small”. The Baillon’s crake can be missed in the field, when it is at a distance, as the magnification of the human eye is woefully short of what it takes to pick up this tiny creature. The other factor is the Baillon’s crake’s predisposition to present less of itself: it moves about furtively and slides into the reeds at the slightest suspicion of being noticed. But if you are keen on observing the Baillon’s crake or the ruddy breasted crake in the field, in Chennai, this would be the best time to put in efforts towards that end. These birds live amidst reeds, the bulrushes, which are likely to lose their density now as they would shrivel and go brown, leaving wide gaps, thereby reducing the cover for these tiddly birds to stay inscrutable.