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Tuesday, May 16, 2017

SBI HAMARA GHAR - NEW AFFORDABLE HOUSING LOAN


By on Tuesday, May 16, 2017

SBI HAMARA GHAR - NEW AFFORDABLE HOUSING LOAN

NEW AFFORDABLE HOUSING PRODUCT

SBI Hamara Ghar is a new Fixed Interest Product exclusively targeting affordable segment.

Housing Loan will be available by way of Term Loan only with fixed interest option of two ( 2) years.

Pre-payment penalty at 2% plus Service Tax will be levied on the loans foreclosed / Prepaid during the initial fixed tenor of two ( 2) years.

Switch-over facility from fixed interest rate to the prevailing floating rate linked to one year MCLR will not be available during initial fixed period of two ( 2) years.

Loan Amount : Maximum Loan Amount : Rs.30 lakhs


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