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State Bank of India, HDFC cut home loan rates to 8.4% for new applicants

SBI's loan book crosses Rs 6-trn mark

State bank of india, SBI
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SBI in a statement said it aimed to make home loans affordable for prospective buyers amidst the ongoing festive season.

Abhijit Lele Mumbai
Despite rising interest rates, leading home loan players State Bank of India and HDFC have announced discounted interest rates beginning at 8.4 per cent to new customers as part of their festive offerings. 

SBI in a statement said it crossed Rs 6-trillion Assets Under Management (AUM) in residential home loans as of September 30, 2022. It had crossed Rs 5 trillion in January 2021. The lender said it was offering a discount of up to 25 bps on interest rate to new home loan borrowers, making the entry level rate at 8.4 per cent and the offer will run up

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