SBI lowers lending rates by 5 bps to 9.15%
State owned SBI on Monday lowered its lending rates based on marginal cost of funds by 5 basis points (0.05%) to 9.15%. The new minimum lending rates are effective from May 1, the bank said. With this, the home loan interest rate for women borrowers has come down to 9.35%, while for others it now stands lower at 9.40%. 