As per information posted on SBI's website, the new rate is effective April 1
The country's largest lender State Bank of India (SBI) has revised its home loan rate to 6.95 per cent effective April 1. With the revision, the lowest rate of 6.70 per cent regime for a limited period ended on March 31. As per information posted on its website, the new rate effective April 1 is 6.95 per cent, news agency PTI reports. The hike in minimum home loan rate by SBI is likely to prompt other lenders to follow suit.