The State Bank of India (SBI) has slashed its lending rates after the RBI reduced the repo rate on December 5.
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RBI rate cut: Will lower lending rates follow? Banks now charge these interest rates on home loans
Interest rates on home loans, when linked to EBLR and MCLR, are adjusted based on the change in the RBI's repo rate.
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Based Lending Rate (RBLR) by 25 basis points to 8.1%, following the RBI’s decision to cut the benchmark repo rate on Friday.
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