SBI lowers interest rates on several new retail, biz loans – The Times of India
MUMBAI: State Bank of India (SBI) has reduced interest rates on several new retail and business loans linked to external benchmarks, following the RBI’s recent repo rate cut.Home loans tied to the External Benchmark Rate (EBR), now at 8.9% (RBI repo rate of 6.25% plus a 2.65% spread), are available at 8.25% to 9.2% depending…