State Bank of India revises interest rate on home loans

Mumbai, August 26, 2014: The interest rates on SBI home loans were reduced significantly w.e.f. 20th December, 2013 and a separate interest rate structure was also rolled-out for our Woman Home Loan borrowers.

It has now been decided to offer uniform interest rate on Home Loans w.e.f. 26th August , 2014, irrespective of the loan amount, as under:

Existing interest rate
(Base rate: 10%)
Loan limit Woman customers* Others
Upto Rs. 75 lakh 10.10% p.a. 10.15% p.a.
Above Rs. 75 lakh 10.25% p.a. 10.30% p.a.

Revised interest rate

Borrower’s category Home loan interest rate, irrespective of loan limit
Women 10 bps above the BR i.e. 10.10% p.a.
Others 15 bps above the base rate i.e. 10.15% p.a.

*Where the woman is the sole applicant or the first of the co-applicants and also the sole or the first of the co-owners of the property.