SBI has further slashed interest rates by 0.15% for its Home Loans upto Rs. 75 lacs w.e.f. 1st November, 2016.
SBI Home Loans, which are cheapest in themarket provides an excellent opportunity for both, new Home Buyers as well as those who wish to switch over their home loan to SBI to save on EMI.
On a Home Loan of Rs. 50 lacs, reduction in interest rate by 0.15% by SBI will help ahome bu yer to save Rs. 542 PM and approximately Rs. 2 lacs during the loan tenure of 30 years. Value of the savings on EMI of Rs. 542 PM, if invested in a Recurring Deposit, willbe approximately Rs. 6 lacs at the end of the loan tenure.
Over and above the reduced interest rate, the customer can also avail of Processing Fee waiver on:
• SBI Approved Projects
• Online Applications (through www.onlineapply.sbi.co.in)
• Balance Transfer of Home Loans
• For Government Employees under SBI Privilege & SBI Shaurya schemes.
This limited period festival bonanza is valid from 1st November 2016 to 31st December