The most awaiting part of the demonitisation is here. Low interest rates for home loans. After the P.M., Narendra Modi’s speech on 31st December, 2016, banks now race with each other to reduce the home loan interest rates. Since there were no rate cuts by RBI Governor in the recent quarter review, there were less hopes for interest rate reduction.
After Modi mentioned in his speech about banks taking care in encouraging the poor, SBI had taken initiative in reducing the home loan interest rates. The new year started with the rate cut war.
SBI Home Loan Interest Rates
“THE MOST PREFERRED HOME LOAN PROVIDER” voted in AWAAZ Consumer Awards along with the MOST PREFERRED BANK AWARD in a survey conducted by TV 18 in association with AC Nielsen-ORG Marg in 21 cities across India.
- Flexible repayment with tenure up to 30 years
- Choose your loan amount and repayment schedule
- Apply & get instant approval
Know more about the current SBI Home Loan interest rates
|SBI Home Loan Interest Rates for women||8.60% – 8.65%|
|SBI Home Loan Interest Rates for Others||8.65% – 8.70%|
|SBI Maxgain Interest Rates above Rs. 20 lacs & upto Rs. 75 lakh (women)||8.75%|
|SBI Maxgain Interest Rates above Rs. 20 lacs & upto Rs. 75 lakh (others)||8.80%|
Existing Home Loan borrowers can opt for switch over to current rate of interest on Home Loans by paying 0.50 % + applicable Service Tax of the outstandings
Get more benefits by availing your home loan through loanyantra.com. Get extra 0.10% discount on the interest rate for an year. The existing customers enjoy the benefit of managing the home loan and reducing the interest rate on self interest.
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