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SBI cuts external benchmark rate by 25 bps, home loans to become cheaper

Updated : December 30, 2019 10:01 AM IST

The move will reduce SBI's external benchmark rate to 7.8 percent per annum from 8.05 percent previously.
The bank said its new home loans will offer interest rates starting from 7.9 percent from January 1, compared to 8.15 percent earlier.
SBI cuts external benchmark rate by 25 bps, home loans to become cheaper

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