SBI To Offer Home Loan Products Based On Repo Rate

In addition to the home loans linked to the bank’s base rate and MCLR, the borrowers will now have an option to choose home loans based on the repo linked lending rate (RLLR) of SBI. "All home loan borrowers who want a direct and transparent linkage of their floating rate on home loan to RBI rates may consider this product.

So from July 1, the home loan seekers will have the option to take SBI home loans pegged to the RBI repo rate, while the bank will continue to offer home-loan products linked to the marginal cost.

The country’s largest lender, the State Bank of India (SBI), has cut its MCLR by 5 basis points across all tenors. Marginal Cost of Funds Based. repo rate is currently at 6 per cent. Depending on.

The marginal cost of fund-based lending rate. The RBI had reduced the repo rate each in its policy reviews in February and April this year. Last month, the SBI had said it would offer repo.

State Bank of India offers various home loan schemes so that the customers can choose the scheme as per their requirement. All SBI home loan schemes come with easy repayment options and nominal fee & charges.. SBI Repo Linked Lending Rate Home Loan;. CRA will be arrived at based on the.

Mumbai: State Bank of India (SBI), the country’s largest lender, has launched repo rate-linked home loan product effective 1 july. So far, all new floating rate home loans were linked to marginal cost.

So far, all floating rate loans offered by SBI were linked to marginal cost of fund based. Inter-Bank Offer Rate (Mibor). Though it is not a new concept to link home loan rates to external.

SBI home loan interest: The interest rate for State Bank of India (SBI)’s home loan products ranges from 8.6 per cent to 9 per cent, based on factors such as the LTV or loan-to-value ratio and.

The bank will continue to offer home-loan products linked to the marginal cost of lending rate (MCLR), but customers can opt for a repo linked home loan rate, said PK Gupta, managing director in charge of retail banking at SBI.

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