SBI cuts home loan interest rate by 10 bps to 6.7% linked to CIBIL score

Sanctions loans worth Rs one trillion till date in FY21

The country’s largest lender, State Bank of India (SBI) has slashed interest rate on Home Loans by 10 basis points under limited period offer till end Month.
 

The revised rates will start with 6.70 per cent and would be linked to CIBIL credit score. The borrower with higher CIBIL score will earn fine interest rate.
 

For home loans upto Rs 75 lakh, the rates are 6.9 per cent for CIBIL score between 700-750; for scoring between 751 and 800, the rate is 6.8 per cent and for score above 800, interest will be 6.70 per cent. This is floor, a