Cheapest Home Loans
This Blog provides you detailed information about Cheapest Home Loans offered by different banks in India viz SBI (State Bank of India), HDFC, Bank of Baroda, Punjab National Bank, IDBI, Andhra Bank, Corporation Bank, Canara Bank and Vijaya Bank.
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SBI Housing Loan Interest Rate
SBI has offered lowest interest rate for its Housing Loan Scheme. It has the following housing loan interest rate.
For SBI Easy Home Loan Scheme: ( the Base Rate is 7.5 % p.a.)
Loan amount sanction limit =Maximum Rs. 50 Lacs.
Facility Type =OD (MaxGain) or TL.
Interest during first year = 8% p.a. (Fixed)
2nd and 3rd year = 9% p.a. (Fixed)
Flaoting interest rate after 3rd year=1.75% above base rate, currently effective rate is 9.25% p.a.
Fixed interest rate after 3rd year = 3.5% above the base rate prevailing at the time of reset, with a reset frequency of 5 years.
For SBI Advantage Home Loan Scheme:
Loan amount sanctioned =Above Rs. 50 Lacs.
Facility Type =TL.
Interest during first year = 8% p.a. (Fixed)
2nd and 3rd year = 9% p.a. (Fixed)
Flaoting interest rate after 3rd year=2.25% above base rate, currently effective rate is 9.75% p.a.
Fixed interest rate after 3rd year = 3.5% above the base rate prevailing at the time of reset, with a reset frequency of 5 years.
For SBI Easy Home Loan Scheme: ( the Base Rate is 7.5 % p.a.)
Loan amount sanction limit =Maximum Rs. 50 Lacs.
Facility Type =OD (MaxGain) or TL.
Interest during first year = 8% p.a. (Fixed)
2nd and 3rd year = 9% p.a. (Fixed)
Flaoting interest rate after 3rd year=1.75% above base rate, currently effective rate is 9.25% p.a.
Fixed interest rate after 3rd year = 3.5% above the base rate prevailing at the time of reset, with a reset frequency of 5 years.
For SBI Advantage Home Loan Scheme:
Loan amount sanctioned =Above Rs. 50 Lacs.
Facility Type =TL.
Interest during first year = 8% p.a. (Fixed)
2nd and 3rd year = 9% p.a. (Fixed)
Flaoting interest rate after 3rd year=2.25% above base rate, currently effective rate is 9.75% p.a.
Fixed interest rate after 3rd year = 3.5% above the base rate prevailing at the time of reset, with a reset frequency of 5 years.
posted by Unknown at 2:04 PM
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