Mumbai: Banks and home financiers are offering special rates before the financial year-end to lure customers amid sluggish demand, as recent interest rate hikes have made home purchases costly.
State Bank of India (SBI), for instance, is offering a home loan rate of 8.5% for customers with a credit score of above 750. Similarly, Housing Development Finance Corp. (HDFC) is offering 8.7% to customers with a credit score of above 760. Last week, Bank of Baroda slashed home loan rates by 40 basis points to 8.5% and waived the processing charges on such loans.
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Denne historien er fra March 13, 2023-utgaven av Mint Mumbai.
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