Everyone dreams of their home in the national capital, NCR or any place of the country. This is such a golden dream, for which you do not hesitate to take the biggest. If you have a little savings, then you want to buy your house, even if it is two rooms. All banking and financial institutions provide loans up to Rs 10 crore for a home. In such a situation, when you have to take a loan, you apply the loan after comparing your need, convenience and the offer made by the banks.
India's largest bank, State Bank of India, recently announced a reduction of 0.10 per cent in the interest rate on MCLR based loans. SBI has reduced interest rate for the eighth time in the current financial year. With this fresh deduction, the bank's MCLR fell from 8 per cent to 7.90 per cent over a period of one year. This reduction has come into effect from December 10, 2019.
SBI is offering loans at various rates for different periods
One day to one month - 7.65%
Three months - 7.70%
Six months - 7.85%
One Year - 7.90%
Two years - 8.10%
Three years - 8.20%
What are the benefits of SBI loan
low interest rates
Reduced processing fee
No hidden fees
No penalty on pre-payment
Reduce interest load through pre-payment
Up to 30 years repair option
Interest rate rebate for women borrowers
These six ways can apply for SBI Home Loan
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