SBI: Customers can switch to lower rates
Moneylife Digital Team 05 April 2012

In a move that would help a large number of home loan customers to reduce their interest burden, State Bank of India (SBI) has decided to allow them to re-price their existing loans at lower rates. The switchover will be subject to a small fee 1% of the outstanding loan amount. The move is expected to help borrowers whose home loans are linked to the prime lending rate which is as high as...

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