State Bank of India extends special interest rate on home loans for women borrowers

April 2, 2014: The State Bank of India has extended the date of the special interest rates on home loan for women borrowers. The Interest Rates were reduced significantly w.e.f. 20th December, 2013 and a separate Interest Rate structure had been rolled-out for the Woman Home Loan borrowers. The special rates were made available upto 31st March 2014.
However, in view of the overwhelming response received across the country, it has been decided to extend the special rates beyond 31st March 2014 till further notice from the bank.
The interest rate on Home Loans will continue to be remain as under:
(Base Rate: 10%)
Loan Limit Woman Customers* Others
Upto Rs. 75 lacs 10.10% p.a. 10.15% p.a.
Above Rs. 75 lacs 10.25% p.a. 10.30% p.a.

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