The State Bank of India (SBI) has extended the date of the special interest rates on home loan for women borrowers.
The interest rates were reduced significantly with effect from Dec. 20, 2013 and a separate interest rate structure had been rolled-out for the woman home loan borrowers. The special rates were made available upto Mar. 31, 2014.
However, in view of the overwhelming response received across the country, it has been decided to extend the special rates beyond Mar. 31, 2014 till further notice from the bank.
The interest rate on home loans will continue to be remain as under:
(Base Rate: 10%)
Loan Limit | Woman Customers | Others |
Upto Rs 7.5 million | 10.10% p.a. | 10.15% p.a. |
Above Rs 7.5 million | 10.25% p.a. | 10.30% p.a. |
Shares of the bank declined Rs 0.15, or 0.01%, to trade at Rs 1,894.40. The total volume of shares traded was 116,710 at the BSE (1.16 p.m., Wednesday).