Mumbai: The State Bank of India (SBI) on Friday said it would offer repo rate-linked home loans from July 1, 2019.
It also announced the reduce interest rate on cash credit account and over draft customers with limits of over Rs 1 lakh, from July. The current repo-linked lending Arate (RLLR) for cash credit and overdraft customers is 8 per cent.
"The benefit of reduction in repo rate by 25 bps (basis points) by RBI has been passed in its entirety to CC/OD customers (limits above Rs 1 lakh) banking with us, with effect from 1st July 2019," an SBI statement said.
|Gold Rate in Chennai||Rs. 32650.00 (0.86%)|
|Gold Rate in Mumbai||Rs. 33200.00 (0%)|
|Gold Rate in Delhi||Rs. 33350.00 (0.15%)|
|Gold Rate in Kolkata||Rs. 33610.00 (0.18%)|
|Gold Rate in Kerala||Rs. 31750.00 (0.79%)|
|Gold Rate in Bangalore||Rs. 31950.00 (0.16%)|
|Gold Rate in Hyderabad||Rs. 32650.00 (0.18%)|