The State Bank of India on Saturday said it has reduced home loans rates from 6.95 per cent to 6.7 per cent. Besides, women borrowers will get a special concession of 5 basis points. Customers can also apply for a loan from the ease of their home via the YONO App to earn an additional interest concession of 5 basis points. C-S Setty, Managing Director for retail and digital banking said the affordability for the consumer increases immensely with the present home loan interest rate offerings which reduce the E-M-I amounts substantially.