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Contents_Home_Loan_Article8.php
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<?php
require 'scripts/functions.php';
session_start();
?>
<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
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<title>SBI cuts home, retail loans by 0.5-1 pc</title>
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<div class="common-bread-crumb" style="margin:auto; margin-top:70px;"><a href="index.php">Home</a> > <a href="Contents_Articles.php">Articles Menu</a> > <a href="Home-Loan-Articles.php">Home Loan Articles</a> > SBI cuts home, retail loans by 0.5-1 pc</div>
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<h1 class="d4l-h1">SBI cuts home, retail loans by 0.5-1 pc</h1>
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<p> The country's largest lender, <a href="loans/banks/sbi-state-bank-of-india-loan/" title="State Bank of India">State Bank of India</a>, on Wednesday reduced interest rates on home and other retail loans by 0.5-1 % for different maturities as part of its festival offer. </p>
<p> The proposed rates are applicable for all new loans sanctioned on or after October 8 and is valid up to December 31, the Bank said here in a statement. </p>
<p> <a href="sbi-home-loan.php" title="SBI Home Loans">SBI Home loans</a> are now cheaper by 0.50-1 % depending on <a href="http://www.deal4loans.com/" title="Loan">loan</a> maturities and amount of loan. The bank also gives discount if the salary account is with the SBI and further discount if a higher margin is available.</p>
<p> The interest rates on new <a href="car-loans.php" title="Car Loans">car loans</a> and two-wheeler loans have been reduced by 1 % depending on the amount and maturity of loan. </p>
<p> Loans for new car loans will now be available on interest rates of 11-12 % depending on the loan amount, maturity and type of loans.</p>
<p> Similarly, the personal loans are now cheaper by 0.50-1 %. Additionally, SBI is offering 50 % concession in processing charges on all the personal segment loans.</p>
<p> <a href="loans/banks/sbi-state-bank-of-india-loan/" title="SBI">SBI</a> has also reduced interest rates for small time road transport operators in SME sector by 1-2 % on the existing rates. The applicable rates will now be in the range of 10-12.25 % for various loan maturities, it said. </p>
<p> The festival offer has also been extended to farm mechanization loans (tractors, power tillers, combine harvesters, etc.) by reducing interest rates ranging from 1-2 % with immediate effect. <br>
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<b>Source:</b> Financial express </p>
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