Wednesday, April 6, 2016

SBI Home Loan New Interest Rates 8.50% ( fixed for 2 years )

From the Desk of Mr. Govind Bhargava ....

HOME LOANS - INTEREST RATES (with effect from 01.01.2017)

1 year MCLR: 8%    
Borrowers' categoryHome Loan (Term Loan)Home Loan (Term Loan)Home Loan (Max Gain)Floating RateCRE Max gain irrespective of loan amount
2 years Fixed Interest Loans upto Rs. 30 lacsFloating Rate Loans Upto Rs.75 lacsFloating Rate Loans above Rs.75 lacsMaxgain above Rs. 20 lacs & upto Rs. 75 LacsLoans above Rs.75 lacs
Women*
8.50% for first two years thereafter linked to floating rate.
0.60% above 1 year MCLR, effective rate 8.60% p.a.
0.65% above 1 year MCLR, effective rate 8.65% p.a.
0.75% above 1 year MCLR, effective rate 8.75% p.a.
0.95% above 1 year MCLR, effective rate 8.95% p.a
1.05% above 1 year MCLR, effective rate 9.05% p.a
Others
8.55% for first two years thereafter linked to floating rate.
0.65% above 1 year MCLR, effective rate 8.65% p.a.
0.65% above 1 year MCLR, effective rate 8.70% p.a.
0.80% above 1 year MCLR, effective rate 8.80% p.a.
1% above 1 year MCLR, effective rate 9% p.a.
1.10% above 1 year MCLR, effective rate 9.10% p.a.

* Woman should be the sole applicant or one of the co-applicants for Home Loan and also the sole owner or one of the co-owners of the property proposed to be financed by the Bank

Loans upto Rs. 30 lacs will be available with both Fixed and Floating Rate option.

Woman should be the sole applicant or one of the co-applicants for Home Loan, and also

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