Lowest Home Loan Rates from SBI

With the recent policy rate cuts from Reserve Bank of India (RBI), State bank of India (SBI) has cut its home loan rates by 0.05%. This has made SBI home loan cheapest in the market.

The new Home Loan rates from SBI are 9.95% for Loans below 30 lakh and 10.10% for loans of more than Rs. 30 lakh.

Below is the table showing the new EMI per lakh of loan.

Loan Tenure (Years) Loan upto 30 lakh Loan above 30 lakh
30 874 885
25 905 916
20 962 972
15 1,072 1,081
EMI per Lakh

In case you are paying more for your Home Loan, it makes sense to switch to SBI.

Also Read: How much you can gain by shifting to lower interest rates loans?

Here is the advertisement from SBI:

SBI Home Loan - cheapest Home Loan

SBI Home Loan – Cheapest Home Loan

7 thoughts on “Lowest Home Loan Rates from SBI

  1. […] rates. Now if you buy your first house within Rs 40 lakh and take a home loan of Rs. 25 lakh from SBI at 9.95% for 20 years, the interest paid for 12 months in FY 2013-14 would be Rs. 2,46,886. You can claim Rs. 1.5 Lakhs […]

  2. It took me 3 months of running around before the Home Loan was disbursed by SBI. Pathetic service I must say

  3. SBI though gives loans at the lowest rate but it takes lot of time and its not customer friendly 🙁

    • I think this is SBI’s business model. Keep the rates lowest and customers would find a way to get through the bureaucratic system. But if SBI becomes more friendly it would make life difficult for competition!

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