Money & Banking

SBM lowers home loan rates

Our Bureau Bengaluru | Updated on January 17, 2018 Published on August 21, 2016

State Bank of Mysore (SBM) has revised interest rates on housing. With effect from August 1, the bank’s revised rates are linked to one year marginal cost of funds based lending rate (MCLR) at 9.5 per cent. For housing loan across all limits - new rate 9.60 per cent (existing rate 9.65 per cent). Housing loan Maxgain – ₹25 lakh and up to ₹1 crore - new rate 9.60 per cent (existing rate 9.65 per cent). Above ₹1 crore - new rate 9.70 per cent (existing rate 9.75 per cent).

Published on August 21, 2016
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