SBI may keep home loan rate at 8% till Sep: report

SBI may keep home loan rate at 8% till Sep: report
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First Published: Sun, Apr 12 2009. 11 01 PM IST
Updated: Sun, Apr 12 2009. 11 01 PM IST
Mumbai: State Bank of India (SBI) may extend its 8% rate on home loans until September, ‘The Economic Times’ newspaper reported on Sunday, citing unnamed sources.
In February, SBI lowered home loan rates to 8% for new customers available until 30 April.
“The proposal has been forwarded to the chairman’s office and approvals for the extension will be made public shortly,” the newspaper quoted the officials as saying.
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First Published: Sun, Apr 12 2009. 11 01 PM IST