SBI Easy is available up to 30th June 2010

Getting your dream home has become easier with SBI Easy Home Loan. With low interest rates for home loan under Rs. 50 lakhs category, SBI Easy ensures that you are not burdened with high interest for your home loan. Plus with over 12000 SBI branches nationwide you can get your Home Loan account parked at a branch nearest to your present or proposed residence.

Interest Rate

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• Interest rate during the first year (i.e. till first anniversary date from the date of first disbursement) is fixed at 8% p.a.
• Interest rate during next two years is fixed at 9% p. a
• Interest rate after three years may be Fixed or Floating as per the borrower’s choice made at the time of sanction. If floating rate option is chosen, then the rate will be 2.5% below SBAR. If fixed rate option is chosen, then the rate will be .75% below SBAR prevailing on the third anniversary date from the date of first disbursement, and shall have a reset frequency of 5 years from the third anniversary date of the loan. Fixed interest rate shall be subject to force-majeure clause. (SBAR = 11.75% p.a.)

Processing Fee
The revised processing fee structure (including service tax) from 9th November 2009 is as under :