SBI mulls extending repo-linked home loans to existing borrowers
The country's largest lender introduced repo-linked home loans for new customers from July 1, which allowed them to avail cheaper loans since the RBI slashed the repo rate by 1.1 per cent in this calendar year alone. But the benefit has not been extended to existing home loan customers yet.
Last Updated: August 19, 2019 | 12:34 IST
The interest rate on SBI's repo rate linked home loans works out to 8.05-8.20 per cent per annum, which is cheaper than the MCLR-linked home loans