Loans Interest Rates: In today's time, a loan is needed to fulfill any of your dreams. Due to this, most people decide to take a loan very thoughtfully. If there is a need to take a loan, then in such a situation everyone first looks for those banks where loans are available at very low interest rates. If you are also planning to take a loan, then let us know in the news below which bank is giving cheap loans.

Let us tell you that recently RBI has cut the repo rate, after which banks have reduced the interest rates of loans. Almost all types of loans from home loans to auto loans have become cheaper than before.

The country's largest government bank is giving cheap loans -

India's largest government bank State Bank of India (SBI loan interest rate) has given a big relief to its customers by reducing the interest rates on loans. The bank has cut the Repo Linked Lending Rate (RLLR) by 25 basis points (0.25%), making it 8.25 percent now.

With this, the External (State Bank of India) Benchmark Based Lending Rate (EBLR) has also come down to 8.65 percent. This reduction will be applicable on both old and new loans, which will provide relief to the customers. The new interest rates have come into effect from April 15.

New interest rates of Punjab National Bank -

Punjab National Bank (PNB) has given good news for its customers. They have reduced their interest rates. Earlier RLLR was 8.90%, but now it has been reduced to 8.65% (Punjab National Bank Interest Rate).
RLLR (Repo Linked Lending Rate) is the interest rate fixed by RBI and at which banks borrow money from each other. Due to this, now on taking a loan from PNB, you will have to pay 8.85 percent interest instead of 9.10 percent. This reduction makes it cheaper for you to take a loan.

New interest rates of Indian Bank -

The Reserve Bank of India (RBI) recently reduced the repo rate by 25 basis points. After this reduction, like other banks, the Indian Bank has also changed its interest rates. The bank has reduced its repo benchmark rate from 6.25 percent to 6 percent.

Due to this change, the bank's repo-linked benchmark lending rate (RBLR) has come down from 9.05 percent to 8.7 percent. According to the bank's BSE filing, these new rates have come into effect from April 11, 2025.

Bank of India -

After the reduction in the repo rate by the Reserve Bank of India (RBI), the Bank of India (BoI) has also announced a reduction in the interest rates of its loans. Now the interest rate of home loans based on CIBIL score has become 7.90 percent per annum (Bank of India Interest Rate).

This new rate has come into effect from April 15 and both new and old customers will get its benefit. Bank of India has also reduced the interest rates of other loans apart from home loans.

Bank of Maharashtra -

Bank of Maharashtra (Bank of Maharashtra Loan Interest Rate) has recently announced a reduction of 0.25 percent in the interest rates of its repo rate-linked loans. This move is a relief for the customers as now they will have to pay less interest on taking a loan.

The bank has clarified that their Repo Linked Lending Rate (RLLR) has now come down from 9.05 percent to 8.80 percent. According to the bank, all the (Bank of Maharashtra Interest Rate) retail loans provided by them are linked to RLLR.

As a result of this reduction, almost all retail loans including home loans, car loans, education loans, and gold loans have now become cheaper than before. Apart from this, some other banks have also reduced the interest rates of their loans, which is a positive sign for the customers.

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