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SBI to offer home loan linked to repo rate – Home loan shoppers will have a new product to opt for come July 1. The State Bank of India will introduce a product where the interest rate is linked to the repo rate of the Reserve Bank of India..

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SBI cuts home loan rate by 10bps, MCLR too by 5bps – Mumbai: The country’s largest lender State Bank of India (SBI) has reduced its home loan rates by 10 basis points (100bps = 1 percentage point) and its benchmark marginal cost of lending rate (mclr).

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