Cheapest Home Loan from SBI

With Festive season from Navratri, there have been flood of offers from Banks on their Home Loans and from developers for their projects. As of today State Bank of India (SBI) is offering the cheapest home loan for all categories.

The rate of interest is 10% for Home loan up to Rs. 30 Lacs and 10.15% for loan above Rs. 30 Lacs.

Here are how EMIs work out per Lac for different tenures of 5 – 30 years.

Period of Loan Upto Rs. 30 Lacs Above Rs. 30 Lacs
30 Years 878 889
25 Years 909 919
20 Years 965 975
15 Years 1,075 1,084
10 Years 1,322 1,330
5 Years 2,125 2,132
Rate of Interest 10% 10.15%

Below is the advertisement for the SBI Home Loan & Car Loan:

SBI Home & Car Loan

SBI Home & Car Loan EMI

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