Monday, August 10, 2009

Interest rate on home loan

Cultivate for a moment since there was no such uncertainty when special home loan service package were on hand. below this plan, all government sector banks like hdfc, icici, etc all banks were provide similar interest rates for home loan. However, they were obtainable only until 30th June ’09. This is home loan schemes first home loan upto Rs 30 lakh, Canara Bank offers 8.5% for first year
and 9.25% for next four years,
2nd SBI, the largest public sector bank offers the same amount at 8% for the first year and 9% for next two years.
The differentiation coming in the third year when SBI interest rate become suspended with an assured spread of 2.5% below prime lending rate over the life of the loan


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