SBI’s home loan rate hike may delay purchases, impact first-time buyers the most: Yugen Infra

SBI’s home loan rate hike may delay purchases, impact first-time buyers the most: Yugen Infra

In a conversation with ETMarkets, Amit Mamgain, Director at Yugen Infra, said that SBI’s recent decision to hike home loan rates, even as the broader trend points to falling interest rates, could temporarily slow down housing demand. He noted that first-time buyers, who are highly sensitive to affordability and EMI changes, are likely to be … Read more

Home loan rates: SBI slashes EBLR, RLLR; home loans, other loans’ lending rates to come down

Home loan rates: SBI slashes EBLR, RLLR; home loans, other loans’ lending rates to come down

Home loan rates: State Bank of India (SBI), India’s largest lender, has recently announced a reduction in its External Benchmark-based Lending Rate (EBLR) and Repo Linked Lending Rate (RLLR) for various loans, including home loans. The revised lending rates will come into effect on February 15, 2025. This decision follows the Reserve Bank of India’s (RBI) … Read more