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May 13, 2000
BUDGET 2000 |
SBI cuts interest rate on housing loans
India's largest bank, the State Bank of India, or SBI, on Saturday said it had cut interest rates on its housing finance loans. For loans up to Rs 200,000, the SBI will charge an interest of 11.50 per cent per annum. SBI will charge 12.5 per cent for loans from Rs 200,000 to Rs 1 million. For loans above Rs 1 million, SBI will charge 12.75 per cent. ALSO SEE The Rediff Personal Finance Channel
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