While buying a flat the first thing that strikes our mind is the funding required to buy a new flat and majorly we turn up to the bank for a loan. We look out for a bank that gives loans with low interest and the process for a loan should be flawless and smooth with
With markets opening up after the second wave of COVID-19 and most states allowing partial relaxations from the lockdown restrictions, the Indian economy could be on a path to recovery. Globally, the central banks of all major economies are closely monitoring inflation levels and they expect the recent spike in inflation to largely remain transitory.
In a move to bring its home loan interest rates closer to some of its public-run peers, India’s largest mortgage lender, State Bank of India (SBI), has lowered the interest rate to 6.8% annually. Applicable on home loans of up to Rs 30 lakhs, this is a 10-basis-point (bps) further reduction in home loan rates by SBI.
