Saturday, 9 February 2019

SBI offers big relief to home loan customers, see where your money will be saved

SBI offers big relief to home loan customers, see where your money will be saved

After reducing the policy interest rate from the Reserve Bank of India in the last two days, the country's largest public sector bank SBI has reduced the interest rate of home loans up to Rs 30 lakh by 0.05 percent. SBI said in Friday's statement that it has reduced the home loan by 0.05 percent.

SBI becomes the first bank

The bank said that soon after the announcement of the Reserve Bank's monetary policy, our bank has reduced the interest on home loans up to Rs 30 lakh first. The bank said that it has taken this decision keeping in mind the benefits of low and middle class people. The RBI reduced the repo rate by 0.25 percent to 6.25 percent in the current financial year's final bimonthly monthly review. Since then, it is believed that commercial banks will make their interest rates cheaper.

First of all, customer's interest

SBI Chairman Rajnish Kumar said, "We are always the leader of the country's largest bank and we are always at the forefront of customer's interest. SBI has the largest shareholding in the home loan market.

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