<p>Mumbai, Mar 1 (PTI) Kotak Mahindra Bank on Monday announced a 0.10 percentage point cut in its home loan rates for a limited period, claiming its offering to be the lowest in the market.</p>
India's largest lender, State Bank of India (SBI) has cut home loan interest rates further to 6.70% for loans up to Rs 75 lakh. SBI has also cut the rates for home loans between Rs 75 lakh and Rs 5 crore to 6.75%. These concessional rates will be applicable only till March 31, SBI added. With this announcement, SBI now offers the lowest home loan rates amongst banks, followed by Kotak Mahindra Bank which offers home loans starting at 6.75%. Both ICICI Bank and HDFC Bank offer home loans at a starting rage of 6.80%. SBI had said that it crossed the Rs 5 trillion mark for its home loan portfolio and Chairman Dinesh Khara is hopeful of doubling the portfolio in the next five years.
<p>Mumbai, Mar 1 (PTI) The country's largest lender State Bank of India on Monday said it has reduced interest rates on home loans by up to 10 basis points (bps) and is offering loans starting from 6.70 per cent rate.</p>