So finally State bank of India cut interest rates on home loans after 4 months Now any one can take home loan of any amount @ 6.70% to 6.90% (Vary on Cibil Score). Along with this now Processing Fees & Prepayments charges are NIL. Interest charges on daily reducing balance with transparency & trust.
So Here’s the Interest Rates of SBI Home Loan
|CIBIL Score||Interest Rates||EMI for Others|
|Above 800||6.70%||₹ 645/-|
|751 – 800||6.80%||₹ 652/-|
|700 – 750||6.90%||₹ 659/-|
SBI Home Loan: The latest offer by country’s largest lender, aims to encourage the home buyers ahead of the festive season.
The same interest rate will be applicable for those who are planning to balance transfer their home loan from other banks to State Bank of India.