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SBI Lome Loan Base Rate Likely To Be Around 7.5-8.5%
June 10th, 2010 by rupeetalk-news1 Comment
After RBI’s decision to replace prime lending rates (PLR) with base rate for home loans, banks are expected to soon reveal their individual base rate. State Bank of India (SBI) is expected to replace its PLR with the base rate of 7.5-8.5%. The final base rate would be announced by June 15.Earlier this year RBI has decided to replace PLR with base rate. The base rate is the lowest rate that a bank can charge from a customer and is intended to bring more transparency in banks lending operations.
PLR of SBI is currently at 11.75% and the same is likely to continue in the month of June.
Published on June 10, 2010 · Filed under: Home Loan; Tagged as: base rate, Home loans, PLR, prime lending rates, RBI, SBI, State bank of India
One Response to “SBI Lome Loan Base Rate Likely To Be Around 7.5-8.5%”
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Dhirendra Kumar Tripathi said on September 7th, 2010 at 4:36 pm
I wish to buy flat cost Approx. Rs 20,00000/- at Ghaziabad from Panchsheel Buildtech. My Mob No. 9953320245
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