Central Bank to cut home loan rates

By Accommodation Times Bureau

Festivals seasons always bring some discount to Indian buyers. Central bank of india has
decided to cut rates on home loans upto 200 basis points and waves of the processing fees on
these loans. The banks has decided to cut interest rates on home loans of above Rs.30 lakh by
10 bps to 10.65-10-90%, but unfortunately rates will be same for loans below 30 lakhs. The new
rates will be extended by September 1.

The decision is similar to the recent move made by SBI which cuts its interest rates on home
loans by 25 bps.

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