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:
