SBI launches two new home loan products

01 Jul 2009 Evaluate

State Bank of India launched two new home loan products - SBI Easy Home Loan and SBI Advantage Home Loan, with processing fee for both waived till September 30. While SBI Easy Home is for loans up to Rs 30-lakh, SBI Advantage Home is for home buyers in the premium segment above Rs 30-lakh.

 

In SBI Easy Home Loan, the interest rate charged on a daily reducing balances would be 8 per cent per annum for the first year and 9 per cent per annum fixed for the second and third years. From the fourth year onwards, the customer can choose between a floating rate of 2 per cent below the State Bank Advance Rate (SBAR) and a fixed rate of 1 per cent below SBAR with a five-year reset. SBAR is 11.75 per cent with effect from June 29.

 

SBI Advantage Home, will have an 8 per cent per annum fixed interest for the first year and 9.5 per cent per annum fixed for the second and third years.crackcrack

SBI Share Price

821.50 9.00 (1.11%)
23-Dec-2024 14:45 View Price Chart
Peers
Company Name CMP
SBI 821.50
Bank Of Baroda 246.85
Canara Bank 101.25
PNB 101.85
Union Bank Of India 118.45
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.