Ravi Karandeekar's Pune Real Estate Market News Blog: SBI makes its home, auto loans cheaper

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Sunday, December 21, 2008

SBI makes its home, auto loans cheaper

In a dose of relief to millions of existing and prospective borrowers, country's largest bank SBI today announced a 75-basis point cut in its prime lending rate which will make its home, auto and other loans cheaper.

Will be applicable to all existing and new floating rate loans

Will be effective from January 1

0.25-1 per cent reduction in its deposit rates across various maturities
To read more, please, visit - The Hindu