Home Loan rate Slashed..
As per the latest NEWS printed in the Indian Express, SBI India's largest bank have reduced the interest rates on home loans by 15 point basis to 9.15 percent. This revised rates would be for new Loan takers upto 75 lakhs..For woman borrowers, SBI will charge 9.10% per annum while for others to 9.15% from 9.30%. Now this is great News.
This act of SBI will put pressure on other lenders to bring down their interest rates on Home Loan and other personal Loans.n This limited period festive offer valid from Nov1, to Dec 31,2016.
How does the Customer gets benefitted?
This rate cut means on a Home Loan of Rs. 50 lakhs for 30 Yrs a Home Buyer will save Rs. 542 Per Months on EMI i.e close to 2 lakhs during the loan tenure.
So, if the loaner invest 542 Per Month in Recurring deposit for 30 Yrs, will be approx 6 lakhs at the end of Loan tenure. Now this is direct saving. You can also transfer your existing loan to SBI as SBI offers the most economical Home Loan in the Buisness.
This preposition is surely going to add more value to the customers by helping them cater to their personal needs.
Flying Shark
desires@aol.in
As per the latest NEWS printed in the Indian Express, SBI India's largest bank have reduced the interest rates on home loans by 15 point basis to 9.15 percent. This revised rates would be for new Loan takers upto 75 lakhs..For woman borrowers, SBI will charge 9.10% per annum while for others to 9.15% from 9.30%. Now this is great News.
This act of SBI will put pressure on other lenders to bring down their interest rates on Home Loan and other personal Loans.n This limited period festive offer valid from Nov1, to Dec 31,2016.
How does the Customer gets benefitted?
This rate cut means on a Home Loan of Rs. 50 lakhs for 30 Yrs a Home Buyer will save Rs. 542 Per Months on EMI i.e close to 2 lakhs during the loan tenure.
So, if the loaner invest 542 Per Month in Recurring deposit for 30 Yrs, will be approx 6 lakhs at the end of Loan tenure. Now this is direct saving. You can also transfer your existing loan to SBI as SBI offers the most economical Home Loan in the Buisness.
This preposition is surely going to add more value to the customers by helping them cater to their personal needs.
Flying Shark
desires@aol.in
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