Bangalore Housing

Housing / Loans / SBI (State Bank of India)

SBI

	Enjoy the SBI advantage

	Purpose

	Eligibility criteria

	Loan amount

	Margin

	Interest

	Adjustable rate of interest

	Fixed rate of nterest

	EMI for Rs.1 LAC

	Repayment

	Security

	Takeover of loan

	In-principle approval

	EMI

	Contact

Fixed Rate of Interest:

Amount		Interest
Where original repayment is upto 10 years	Upto Rs. 1 crore	12% p.a.
Where original repayment period exceeds 10 years	Upto Rs.10 lacs	SBMTLR i.e., 12% p.a.
Where original repayment period exceeds 10 years	Above Rs.10 lacs and upto Rs.1 crore	SBMTLR + 0.5% i.e., 12.5% p.a. currently.

For loans of upto 5 years duration, rate of interest is 0.75% below SBMTLR i.e. at the rate of interest of 11.25%.

Loans above Rs.1 crore are available at adjustable rate of interest only.

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