From April 1st onwards, home loans are going to be cheaper. As part of the new rules announced by RBI, banks across the country will have to calculate their lending rate as per the marginal cost of funds. The country’s biggest lender State Bank of India has revised its home loan rate to 9.4%. This will see EMIs of customers falling down by Rs.300 for those availing Rs.50 lakh loan for 15 year. read more at http://shopsandhomes.com/blog/index.php/2016/04/new-lending-rate-calculation-makes-home-loan-cheaper/
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