SBI’s Big Setback To its Home Loan Customers

If you are a customer of State Bank of India (SBI) or you are planning to take home loan from SBI, then the beginning of the new month will increase the expenses for you too. In fact, let us tell you that SBI has increased its home loan external benchmark lending rate (EBLR) by 40 basis points (bps) to 7.05 per cent, while the RLLR will be 6.65 per cent plus CRP. According to the information shared on SBI’s website, these increased interest rates will be effective from June 1, 2022. It may be noted that earlier, the EBLR was 6.65 per cent, while the repo-linked lending rate (RLLR) was fixed at 6.25 per cent.