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State Bank of India has also come up with home loan offers at affordable rates.

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This new offer is also called the campaign rate, and is also offering a discount of 30 to 40 bps on regular home loans.

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Most importantly only credit ratings between 700 and 800 or their equivalent also come under these discounts on home loan rates by SBI.

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With a CIBIL score of at least 800, SBI's home loan rate under the campaign rates offer is 8.60%,

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The bank is offering 40 basis points in concessions for credit scores ranging from 700 to 749 and 750 to 799, respectively.

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SBI is reducing home loan rates by 30 bps to 8.80 per cent from 9.10 per cent for borrowers with "NTC/NO CIBIL/-1" score.

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Home loan rates with credit scores between 650 and 699 remain unchanged at 9.20 per cent.

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On credit scores greater than or equal to 700 and 800, SBI has also announced a rebate of 30 bps each.

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The top loan rate offered by SBI under the campaign rates offer is 9% on credit scores greater than or equal to 800, down from the standard rate of 9.30%.

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