SBI New Home Loan Interest Rate:
Different banks provide different service charges. The different service charges are processing Fee which charges 1% of loan Amount and prepayment charge which is 2% of the loan amount. There are different types of home loan. The different home loans are Are you looking for latest sbi new home loan rates? Actually, the bank has at least two different schemes with differing rates. The schemes are categorized based on the amount borrowed. Let me brief you the information on latest loan rates for all the schemes available as of now.
SBI New Home Loan Interest Rates (2010) - Different Schemes
First loan scheme is called SBI Easy Loan. This is suited to building a new home for amounts smaller than 50 Lakh Rupees Rate is not a flat one but may vary depending upon the limits set by RBI during borrowing and repaying periods. However you will have to pay a flat rate for the first year after borrowing. This is typically around 7 % to 9% p.a. From India you can refer any leading financial portal for accurate current rates.
Second scheme is called SBI Advantage Home Loan. This bank housing loan 50lakhs is particular for big houses like apartments, big buildings etc,. Again the rate is not fixed here. It would vary depending upon RBI regulations. For the first year you would be required to pay an interest rate of around 8%. The coming next two years would be paying little rates. Following these three years you would be required to pay a variable rate which would depend upon regulations during that period.
Next Step - How To Know Latest Exact Rates?
As like any bank, SBI will changes its rates often. You can find latest housing loan rates from popular websites and newspapers during the time of borrowing SBI Housing Finance
Online Home LoanInterest Rates
