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Time to switch your home loan to get best interest rates

Shopping around for cheaper interest rates on existing home loans has been possible for a while now, but never really feasible. That's set to change now.

With SBI slashing home loan rates this week, and other banks facing a "cut rates or lose market share" scenario, home loan borrowers may finally get an opportunity to really take advantage of the "no prepayment penalty regime", a year after it was put in place.

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