Many Banks Reduced Interest Rates For Various Purposes of Loans

Up to 250 basis points in a limited period of SBI education loan interest rate cut announced. Bank base lending rate (PLR) of all education-related debt, the interest rate should be reduced. Rs 4 lakh education loan is now 11.75% from 11.5%. This time, the interest rate of SBI education loans 11.25% from 13.25% as announced.

Currently, more than 7.5 million credit SBI 12.25% per year, provides interest. Now, the loan amount, SBI reduced by 1.25%. It offers 0.50% female students.

Already loan rates, it continues, should at the same time, the new interest rate for the loan amount is May to September 2009. After the announcement, the government Rs 20 lakh in India and overseas studies, provides up to 10 lakh rupees.

LIC of 1 April Approximately 0.75 percent of housing loans to customers of the need to reduce the rate of interest declared. 10 to 10.5% over the previous year from 10.75 to 11.25%. The company already has existing customers by up to 0.75% interest. Now there is nothing new for the company's customers.

HDFC Chairman Deepak Parekh, who announced in a series of HDFC home loan, or for other reasons that I will not cut interest rates. However, the Reserve Bank repo rate has already dropped about 75%.

State Bank of India to reduce home loans up to one year by 8% on the declared interests. Bank of warehouse receipts from May to September, would even auto loans and credit must be cut.

State Bank of Rs 5 lakh loan amount to reduce up to 8% of new SME customers interest.

In this process, the State Bank is an important part of the debt for several reasons. However, ICICI, HDFC and other private banks now is not to cut services