BrixResearch Moderator says: The State Bank of India (SBI) is offering a special home loan scheme to customers where users are charged only 8% for the first year. However, this special interest rate is applicable for the first year only. Thereafter, the customers will need to pay the earlier contracted rates. This announcement is likely to increase SBI’s customer base. However, other banks may follow such suits to retain their consumers.
- Will you shift your existing home loan to another bank offering lower rate?
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