The country’s largest lender State Bank of India extended the date of the special interest rates on home loan for women borrowers. The interest rates were reduced by 15 to 35 basis points on December 20, 2013.
The special rates have been extended beyond March 31, 2014, till further notice, SBI said in a statement.
The bank will continue to offer 10.15 per cent to women borrowers on home loans up to Rs 75 lakh and 10.30 per cent for loans above Rs 75 lakh.
Further, women customers who are the sole applicants or first of the co-applicants and also the sole or first of the co-owners of the property are given additional reduction of 5 bps to 10.10 per cent and 10.25 per cent for loans up to Rs 75 lakh and above Rs 75 lakh respectively.
SBI’s base rate is at 10 per cent at present.