Home loan to become cheapest in 6 years as SBI, other banks slash rates "SBI home loans up to Rs 75 lakh, earlier available at 9.1%, can now be taken at 8.6%. For others, the rate would be 8.65%, against 9.15% earlier. Besides SBI, the Union Bank of India and the Punjab National Bank also cut rates following a nudge from PM Modi in his speech on Saturday. Get Narendra Modi's & BJP's latest news and updates with - http://nm4.in/dnldapp http://www.narendramodi.in/downloadapp. Download Now."