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India’s largest national bank SBI reduces home loan rates

Published

8 years ago

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State Bank of India, SBI, Home loan, Business news

Mumbai: India’s largest lender State Bank of India (SBI) today announced a steep interest rate reduction of up to 25 basis points for affordable housing loans, offering 8.35 per cent to new women borrowers.

Under the new government scheme, loans under Rs 30 lakh qualify for affordable housing.

 

 

The Managing Director of national bank, Rajnish Kumar said, in the male borrower category, the limited period offer is valid till July 31st and the reduction for the salaried is 20 bps to 8.40 per cent and that of non-salaried 15 bps.

The new rate reduction of 0.25 (rpt) 0.25 per cent for women will be for the salaried borrowers who can avail of 8.35 per cent, and for the non-salaried, it will be a 20 bps cut.

One percentage point is 100 basis points (bps).

 

 

He said, “This a huge saving for the borrower as the 25 bps reduction translates into a saving of Rs 530 per month on EMIs.”

The new rates will be effective tomorrow.

“This is giant leap to give a fillip to the affordable housing segment keeping the Prime Minister’s vision of providing ‘housing for all’ by 2022,” Kumar said, adding that the lender now offers the lowest rates in the industry.

With a home loan book of Rs 2.23 trillion, SBI leads the segment with 25-26 per cent market share, Kumar said further.

 

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Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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