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SBI cuts Home Loan Rates for the 2nd Time in a Month

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INDIA – On 10th April last month, SBI reduced the home loan rates. Within a month to that, on 10th May, it again slashed the loan rates.

State Bank of India is the largest lender of the country. This time, it has reduced the MCLR (Marginal Cost of Funds Based Lending Rate) by 5%. It helped bringing down the home loan interest rate for all its borrowers. Earlier, the 1 year MCLR was 8.50%. With the rate cut on 10th May, the overall 1 year MCLR has reduced to 8.45% per annum. In addition, interest rates of all other loans linked to MCLR will also be reduced by 5 basis points.

On 10th April last month, SBI announced the monetary policy, where it cut MCLR by 5 points. The interest rate on home loans up to Rs. 30 Lakhs was also reduced previously by 10 basis points. As per the SBI claims, it has around 34% of market share in the home loans and auto loans. And with the back to back rate cuts by RBI, that occurred in February and April, the repo rate has today reached at 6%.

While these interest rates are decreasing in India, allowing more and more borrowers to take loans easily, several companies in UK are also offering Payday Loans up to £5000 for similar purposes to allow people curb their financial troubles. The norm of Payday loans is becoming heavily common in these countries. And it would just be a matter of time when this loan trend will gain on India as well.

Jenny is one of the oldest contributors of Bigtime Daily with a unique perspective of the world events. She aims to empower the readers with delivery of apt factual analysis of various news pieces from around the World.

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World

More Named Storms — Is Your Luxury Pergola Ready?

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The National Oceanic and Atmospheric Administration (NOAA) predicted a 60% chance that the 2025 Atlantic hurricane season would be above normal. The administration said to watch for between 13 and 19 total named storms — those with winds of 39 mph or higher. 

For homeowners in hurricane-prone regions, this raises an urgent question: are your outdoor spaces ready to weather the storm? 

PERGOLUX, a leader in durable outdoor structures, designs powder-coated aluminum pergolas with adjustable louvers to withstand the harshest environments.

“Today’s outdoor living spaces face the wrath of nature’s extremes,” says Tim Heneveld, Country Director of PERGOLUX North America. “Hurricanes, tropical storms, and flash floods bring powerful winds exceeding 100 mph. Their relentless rain and rising floodwaters can quickly devastate unprepared structures. If you want to protect your investments, resilient design is essential.”

Is your aluminum pergola and louvered roof ready to take on intense storms?

The open-air elegance of patio pergolas with slat roofs is perfect for a gentle breeze, but can make them vulnerable to the violent forces of hurricane winds. These storm winds pack powerful uplift and lateral forces.

Wind uplift occurs when gusts of wind flow beneath the roof, generating upward pressure that can lift the entire structure off its base. Lateral forces push a pergola horizontally, causing it to lean or even collapse.

The key defense against these powerful forces? A reinforced frame.

“Strong, well-engineered frames act as the backbone of your pergola,” notes Heneveld. “Aluminum is the ideal material for a pergola’s frame. It combines the strength needed to resist bending or breaking with a lighter weight that reduces strain on the foundation.”

PERGOLUX’s pergolas feature reinforced frames engineered to withstand intense storms with confidence. In fact, their latest model, the Skydance Series 3 Pergola, is specially crafted to endure winds up to 165 mph, which means that even when fierce hurricanes like Milton sweep through, these pergolas remain intact.

Reinforced aluminum frames designed with thickened beams and precision connections stand up to wind uplift and lateral pressure. Hurricane-rated bolts, brackets, and screws hold everything tightly together to prevent ‌weak points that storms so often exploit. When each joint is reinforced and well-anchored, your pergola can remain a steadfast retreat despite the wildest weather. Thicker beams and columns combined with robust engineering techniques give these pergolas superior strength. Extra support brackets, hidden fasteners, and precise assembly methods ensure the frame endures.

Elevated bases can protect your luxury pergola from floods

Along with high winds, storms bring torrential rain. Rising water can undermine structural footings and rot wooden materials, which can destabilize the entire installation.

An elevated base is a strategic line of defense. “By constructing your pergola on raised concrete footings or piers, you create a gap between the ground and the structure,” notes Heneveld. “During a flood, it keeps the water at bay. The elevation also prevents erosion caused by pooling rainwater.”

The best-quality outdoor pergolas offer high-grade materials and cutting-edge engineering

The key element of any storm-ready outdoor structure is its materials. PERGOLUX chooses 6063-T5 aluminum, a marine-grade alloy renowned for its incredible strength and exceptional resistance to corrosion, even when exposed to salty sea air and humid conditions.

“A wooden or vinyl pergola may look great at first,” says Heneveld, “but they often require costly upkeep or replacement after just a few seasons of storm damage. Our reinforced aluminum pergolas will give you years of worry-free durability. It will remain strong and look fantastic, no matter the weather.”

PERGOLUX’s advanced engineering solutions also protect what is inside the structure. Their patented RainLUX™ integrated gutter system channels rainwater away, preventing leaks that can damage furniture and floors.

“We offer a 10-year warranty to back up all of our claims,” Heneveld says. “It’s our commitment that these structures will protect your home’s exterior environment for years to come. We want you to focus on enjoying the moments that matter in your pergola, not on the coming storms.”

Practical outdoor living tips to prepare your louvered pergola kit before storm season

Even the strongest pergola will fare better when prepped for a coming storm. “Make sure to secure your loose items,” Heneveld warns. “Before a storm, remove furniture, planters, and décor. All of these can become hazardous projectiles.”

When homeowners hear that a storm is on the way, they will want to fully secure any screens or panels. Removing detachable panels before severe weather will help protect the pergola by reducing wind resistance.

Homeowners will want to take the time to routinely inspect and maintain their pergolas. A quick check for loose fasteners or other small signs of wear goes a long way in preserving the pergola’s strength.

“Combine simple preparation with a reinforced, elevated, and expertly engineered structure, and you’ll have an outdoor space built to last,” Heneveld concludes. “Investing in a storm-ready pergola is about so much more than just avoiding damage. You’re preserving a lifestyle. A long-lasting pergola will bring you years of shaded summer barbecues and fresh-air morning coffees.”

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