INSUBCONTINENT EXCLUSIVE:
SBI charges interest on regular home loans on the basis of daily reducing balance.State Bank of India (SBI) offers home loans at interest
rates starting from 8.75 per cent per annum for loans up to Rs 30 lakh, according to its website homeloans.sbi
Home loan is a product, where customers take loan to buy or renovate house against the same property as collateral
Under regular SBI home loans, interest rates for women are slightly lower than that for others
salaried borrowers, according to its website
In case of female borrowers, SBI offers lower interest rates between 8.90 and 9 per cent for the same category
The repayment period of SBI home loans is spread across 30 years
Interest concession is offered to women buyers and home loan is available as an overdraft, according to SBI's website.
