SBI home loans is one of the most attractive loans among the loans offered by the India housing finance companies. SBI housing loan rates are more attractive and cheaper than other companies which helps you to get CHEAPER LOANS and save a lot of money. It also offers unique products for NRI like SBI NRI Home Loan.
Why SBI Housing Loan Rates are attractive:
SBI Housing Loans offers LOW INTEREST RATES for home loans. It also charges interest on daily reducing balance which is a very good attractive feature offered by SBI. By this, the loan applicants can save some thousands of rupees, which they have to pay as interest otherwise to the banks. The daily reducing balance starts from the date at which the loan is sanctioned.
It offers free personal accident housing loan cover for the loan applicants.
It charges very low processing charges to your application.
It does not charges any prepayment charges, if you close your loan before the actual time. Other banks charge around 2% to 5% of the pending loan amount as prepayment charges if you wish to close. This benefit offered by SBI helps the applicants to close their debt, if they get any surplus funds from their savings.
There is no upper limit fixed by the banks to apply. You can apply for a maximum amount depending on your income. You can club the income of your children or spouse to get more amount.
What is the Next Step?
Get further details required to apply for the loan. The details would be available from leading websites.