2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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0.75 %
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0.07 %
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0.25 %
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0.05 %
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Detailed explanation-1: -SBI Home Loan Details 8.90% p.a. – 9.40% p.a. State Bank of India is offering a concession on home loan interest rates between 15 basis points and 30 basis points from 4 October 2022 to 31 January 2023.
Detailed explanation-2: -From April till December 2022 in fiscal FY23, RBI has hiked the repo rate by 225 basis points taking it to the highest level since August 2018 at 6.25%.
Detailed explanation-3: -The rates remain at 9.60% for scores of 650 to 699, 9.90% for scores of 550 to 649, and 9.50% for scores of NTC/NO CIBIL/-1. Additionally, SBI is offering borrowers with a CIBIL Score of 750 or higher a 5 basis point discount on card rates for MaxGain & Realty loans (apart from CRE Loans).
Detailed explanation-4: -In 2022, SBI offers home loans at affordable rates of interest ranging from 8.05% p.a. to 8.55% p.a. However, the fact that the rate of interest would go down cannot be ascertained.