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SBI hikes home loan rates as concession of mortgages wane

Apr 06, 2021 12:14 IST | By Editorji News Desk

With limited period offers on concessional rates comes to a close, India’s largest lender State Bank Of India has raised rates on it’s ’teaser loans’.


SBI revised home loan rate to 6.95%, that is 25 bps higher than the 6.7% that was offered for a limited period till March 31. 


All eyes now on private sector lenders as concessions in home loans wane away, investors eye RBI meeting tomorrow for more direction on rates. 

Business