As a premier Banker in India, State Bank of India offers various loan/advance products to the customers.
Interest Rates w.e.f 03.09.2008
Floating interest rates (linked to State Bank Advance Rate - SBAR)
(SBAR: 13.75% p.a.)
Loan Upto Rs.30 Lacs & Tenor
Upto 5 years 2.25% below SBAR, PER* 10.50% p.a.
Above 5 years and upto 15 years 2.00% below SBAR, PER* 10.75% p.a.
Above 15 years and upto 25 years 1.75% below SBAR, PER* 11.00% p.a.
Above Rs.30 Lacs and upto Rs. 75 Lacs
Upto 5 years 2.00% below SBAR, 11.75% p.a.
Above 5 years and upto 15 years 1.75% below SBAR, 12.00% p.a.
Above 15 years and upto 25 years 1.50% below SBAR, 12.25% p.a.
Above Rs.75 Lacs
Upto 5 years - 2.00% below SBAR, 11.75% p.a.
Above 5 years and upto 15 years - 1.75% below SBAR, 12.00% p.a.
Above 15 years and upto 25 years - 1.25% below SBAR, 12.50% p.a.
Fixed interest rates
Tenure, Loan Amount
Rate of Interest (p.a.)**
Upto 10 Years, Loan upto Rs.30 Lac
12.75%
Upto 10 years, Loan above Rs.30 Lac
13.75% *PER = Present effective rate** Fixed rate loans will be subject to : 'force maejure' clause and interest reset at the end of every two years on the basis of fixed interest rates prevailing then.OTHER HOME LOANS SCHEMES:'SBI Gram Niwas' Rural Home Loans, Home Loans under 'Prashasan Plus', 'Teacher Plus' and 'Oil Plus' : 10 bps below applicable card rates for the respective tenures (fixed rate loans only upto 10 years and subject to 'force majeure' clause and interest rate reset at the end of every two year on the basis od fixed interest rates prevailing then).Following rebates will be applicable on the above mentioned rates : (i) Risk Based Discount : upto 0.25% (ii) Loans to customers who maintain their salary accounts with us : 0.10% (iii) Loans for purchase of dwelling units in Green Houses rated by approved agencies : 0.10%LOANS FOR DEPOSIT OF EARNEST MONEY FOR ALLOTMENT OF A PLOT / HOUSE / FLAT(Floating rates only) : 1% above SBAR Min. 14.75% p.a.
Interest Rates w.e.f 03.09.2008
Floating interest rates (linked to State Bank Advance Rate - SBAR)
(SBAR: 13.75% p.a.)
Loan Upto Rs.30 Lacs & Tenor
Upto 5 years 2.25% below SBAR, PER* 10.50% p.a.
Above 5 years and upto 15 years 2.00% below SBAR, PER* 10.75% p.a.
Above 15 years and upto 25 years 1.75% below SBAR, PER* 11.00% p.a.
Above Rs.30 Lacs and upto Rs. 75 Lacs
Upto 5 years 2.00% below SBAR, 11.75% p.a.
Above 5 years and upto 15 years 1.75% below SBAR, 12.00% p.a.
Above 15 years and upto 25 years 1.50% below SBAR, 12.25% p.a.
Above Rs.75 Lacs
Upto 5 years - 2.00% below SBAR, 11.75% p.a.
Above 5 years and upto 15 years - 1.75% below SBAR, 12.00% p.a.
Above 15 years and upto 25 years - 1.25% below SBAR, 12.50% p.a.
Fixed interest rates
Tenure, Loan Amount
Rate of Interest (p.a.)**
Upto 10 Years, Loan upto Rs.30 Lac
12.75%
Upto 10 years, Loan above Rs.30 Lac
13.75% *PER = Present effective rate** Fixed rate loans will be subject to : 'force maejure' clause and interest reset at the end of every two years on the basis of fixed interest rates prevailing then.OTHER HOME LOANS SCHEMES:'SBI Gram Niwas' Rural Home Loans, Home Loans under 'Prashasan Plus', 'Teacher Plus' and 'Oil Plus' : 10 bps below applicable card rates for the respective tenures (fixed rate loans only upto 10 years and subject to 'force majeure' clause and interest rate reset at the end of every two year on the basis od fixed interest rates prevailing then).Following rebates will be applicable on the above mentioned rates : (i) Risk Based Discount : upto 0.25% (ii) Loans to customers who maintain their salary accounts with us : 0.10% (iii) Loans for purchase of dwelling units in Green Houses rated by approved agencies : 0.10%LOANS FOR DEPOSIT OF EARNEST MONEY FOR ALLOTMENT OF A PLOT / HOUSE / FLAT(Floating rates only) : 1% above SBAR Min. 14.75% p.a.
4 comments:
These days’ people are taking the housing loan to complete their dream and because of that public and private sector banks as well as financial institutions are earning a lot of profit just by distributing housing loan to those who are interested in buying residential property. So if you are planning to buy home and you are short with budget, so better to take the housing loan but before that it is recommended to compare the interest rates of different banks.
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