HOME LOANS - INTEREST RATES
1. | SBI EASY HOME LOAN (JULY 2010)
(Base Rate =7.50% p.a.)
| Interest rate for proposals sanctioned between 1st July
2010 and 30th September 2010. | Loan amount | Maximum Rs.50 Lacs | Facility Type | OD (MaxGain) or TL | Interest during first year | 8% p.a.(Fixed) | 2nd & 3rd year | 9% p.a.(Fixed) | Floating interest rate after 3rd year | 1.75% above Base Rate, Currently effective
rate being 9.25% p.a. | Fixed interest rate after 3rd year | 3.50% above the Base Rate prevailing at the time of reset,
with a reset frequency of 5 years. |
| | 2. | SBI ADVANTAGE HOME LOAN (JULY 2010)
| Interest rate for proposals sanctioned between 1st July
2010 and 30th September 2010. | Loan amount | Above Rs.50 Lacs | Facility Type | TL | Interest during first year | 8% p.a.(Fixed) | 2nd & 3rd year | 9% p.a.(Fixed) | Floating interest rate after 3rd year | 2.25% above the Base Rate, Currently
effective rate being 9.75% p.a. | Fixed interest rate after 3rd year | 3.50% above the Base Rate prevailing at the
time of reset, with a reset frequency of 5 years. |
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