SBI cuts home loan interest rates; offers special rates for women
Moneylife Digital Team 19 December 2013

SBI's revised EMI for loan tenure of 30 years will be Rs885 for women and Rs889 for others against the prevailing EMI of Rs900 per lakh

State Bank of India (SBI), the country's largest lender on Thursday announced a separate interest rate structure for woman home loan borrowers. SBI also increased the slabs for interest rate on home loan to Rs75 lakh from Rs30 lakh.

 

In a statement, SBI said, its revised EMI per lakh rupees for a loan tenure of 30 years will be Rs885 for women and Rs889 for others against the prevailing EMI of Rs900 per lakh.

 

(BaseRate:10%)

Loan Limit

Woman Customers*

Others

Upto Rs. 75 lacs

10.10% p.a.

10.15% p.a.

Above Rs. 75 lacs

10.25% p.a.

10.30% p.a.

* Where the woman is the sole applicant or first co-applicant and also the sole or first co-owner of the property.

 

These new interest rates would be applicable from 20th December, the lender said.

 

Comments
ravikumar
9 years ago
Woww...!!!. this is good move by SBI bank, and SBI is the best for home loan compare to other banks. .saverable.com
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