SBI reduces home loan rates to 8.30%

India’s largest public lender SBI on Thursday lowered the home loan rate by 0.05% to 8.30%, the lowest in industry.

It has also reduced the auto loan by a similar percentage to 8.70%.

The reduction in the retail loan rate by SBI is expected to prompt other lenders to go for a similar move.

All salaried customers who are eligible can avail loans of upto 30 lakh at 8.30% per annum.

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