HDFC Home Loan Interest Rates
SBI Home Loan Interest Rates – Updated on 16th Aug
State Bank of India (SBI), India’s largest bank, provides lucrative interest rates for home loans. They start as low as 8.05% p.a. The loan tenure ranges to a maximum 30 years. If you are looking to get a home loan, here’s all you need to know about interest rates charged by SBI on home loans.
State Bank of India or SBI, country’s largest lender, has raised marginal cost of funds based lending rate or MCLR on loans by up to 20 basis points (bps) with effect from today. As a result, the equated monthly installments (EMIs) will get expensive for those who avail loans benchmarked against the MCLR.
SBI Home Loan Highlights 2022
| Interest Rate | 8.05% – 9.05% p.a. |
| Loan Amount | Up to 90% of property value |
| Loan Tenure | Up to 30 years |
| Processing Charges | 0.35% of loan amount (Rs 2,000-Rs 10,000)(50% waiver in basic processing fee) |