Tuesday, March 27, 2012

SBI Home Loan Holder Can Switch Their Interest Rate

A very good news from India's largest bank and lender,the SBI home loan holders can switch their existing loan interest to a lower floating interest.This facility available for those home loan holder who are paying high interest now.Those home loan holder can change their current interest rate by paying one percent of his outstanding loan amount.


This change will reduce the burden of home loan interest of many loan holders.Those who are paying 14.75 percent interest on their current loan amount can easily change their interest rate to floating interest rate 10.50 percent to 11.00 percent rate by giving 1.00 % of their outstanding loan amount.


Managing Director & Chief Financial Officer Diwakar Gupta told that it will help the current high interest holders to reduce their loan burden.
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6 comments:

  1. This comment has been removed by the author.

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  2. It is indeed a very good news for every home loan holder in India to switch their existing loan interest to a lower floating interest. Burdens among home loan holders will surely be lessen. According to my <a href="http://lighthousecapital.com.au/our-team/advisers.aspx" rel="nofollow">financial planner Perth</a>, it is imperative to know the basic risks and possible outcomes of obtaining a home

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  3. Yes Anita ,it is really very good news for all loan holder who are giving a high interest on SBI home loan.

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  5. This is such a good news because it&#39;s been long enough that the interest rates we pay are quite expensive. Good thing I could trust our <a href="http://countrypointeatsouthampton.com/" rel="nofollow">Long Island home builders</a> and I know they provide honest breakdown of expenses.

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