Home Loans Cheaper This Festive Season!
The country's largest lender by assets, State Bank of India recently announced a reduction in its benchmark lending rates across all tenors. The bank said its MCLR or marginal cost of funds-based lending rates will be reduced by 10 basis points which is 0.10 percentage
Because of this reduction to 8.05% as against 8.15% before, home loans will get cheaper and benefit home buyers across the country. The reduction of MCLR by 10 basis points across all tenors is particularly beneficial to home buyers. In view of the ongoing festival season and extending the benefits to customers, projects like Risland group’s The Icon at Dhokali in Thane are offering smart living at best prices and some exclusive perks to customers.
The interest rate cutting spree resulting in cheaper loans is news
Source: https://theiconthane.com/blog/2019/10/18/home-loans-cheaper-this-festive-season/
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