SBI lowers home loan interest rate to 9.45%
State Bank of India (SBI) on Thursday lowered its lending rate for home loans by 0.10 percentage points to 9.45% and 9.4% for women. The new rate is applicable from April 1. This comes after the RBI reduced the repo rate – the rate at which RBI lends money to other banks – by 25 basis points to 6.5%.