Rate of Interest of SBI

Interest Rate of Leading Home financiers 

Now in few posts we will discuss about the various products & Interest rates of the Banks/ Housing finance companies in India. Their Discussion comes according to their rank in business of Hosing loan.

Let us begin with the market leader State Bank of India

All Rate are floating only

(Base Rate= 10.00% p.a.)

Loan Amount	Linkage with Base Rate over the tenor of the loan	Effective Rate
Upto Rs. 30.00 lacs	0.75% above Base Rate	10.75% p.a.*
Above Rs. 30.00 lacs and upto Rs. 75.00 lacs	1.00% above Base Rate	11.00% p.a.*
Above Rs. 75.00 lacs	1.25% above Base Rate	11.25% p.a.*
No fixed rate option in any limit bracket.

* A concession of 0.25% in card interest rate over the tenor of Home Loan is available under ongoing special Home Loan campaign upto 31.03.2012.