Special home loan scheme for women extended by SBI
The SBI extends the last date of special home loan scheme. As per this scheme the women borrowers will get 0.05 percent discount.
As per SBI the special rates were available till 31 March but the last date will be extended till the next notice. The scheme is extended because it got a great response across the country.
Loans of up to Rs 75 lakh would be available to new borrowers at 10.15 per cent against the existing rate of 10.50 per cent and under this scheme, the rates for women is going to be 0.05 percent lower. In case of loan of above Rs 75 lakh, the rates will be 10.30 percent but for women borrowers it is 10.25 percent.
This scheme is applicable for women as sole applicants or the first of the co-applicants as also for the sole or the first of the co-owners of the property.
In October, SBI has reduced the interest rates on loans for car and consumer durables and also decided to reduce the processing fee to cash in on the festival season demand.
Source: mydigitalfc.com
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