The State Bank of India (SBI) offers home loans at an attractive interest rate starting at 6.95% p.a. The housing loan from SBI, available for both salaried and self-employed professionals, comes with a range of benefits like longer loan tenure, low processing fees, no prepayment penalty on floating rate loans along with top-up, balance transfer and overdraft facilities. The bank also offers a concession of 0.05% on home loan rates for women borrowers.
|SBI Home Loan 2020 Highlights|
|Interest Rate||6.95% onwards|
|Loan Tenure||Up to 30 years|
|Loan-to-Value Ratio||Up to 90% of property value|
|Processing Fees||0.35% – 0.50% of loan amount|
Note: The figures given in the table are indicative and are subject to change as per changes in SBI’s home loan schemes or RBI policy.
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