Table of Contents
What is the rate of interest in SBI for home loan?
For First Five Years EBR 6.65\%
| LOAN AMOUNT | Applicable Interest Rate |
|---|---|
| Up to Rs 30 Lacs | EBLR+ 85 bps ER: 7.50\% |
| Above Rs 30 Lacs to Rs 75 Lacs | EBR +95 bps ER: 7.60\% |
| Above Rs 75 Lac | EBR + 105 bps ER: 7.70\% |
Is LIC good or bad?
Is LIC a Good Investment? Insurance is best taken care of by buying a term insurance which is a pure risk cover. Thumb rules suggest that you require an insurance cover which is at least 10 times your annual income and term insurance is the only way to get such a cover. Hence LIC policies are a bad investment.
Is SBI home loan interest rate reduced?
Further, the rate of interest applicable for a non-salaried borrower was 15 bps higher than the interest rate applicable to a salaried borrower. SBI has removed this distinction between a salaried and a non-salaried borrower.
Which bank offers the lowest home loan interest rate – SBI vs HFL?
Which Bank Offers the Lowest Home Loan Interest Rate – SBI Vs LIC Housing Finance? Both SBI and LIC HFL provide affordable interest rates to prospective home owners, with LIC HFL’s interest rate starting at 6.90\% p.a. but SBI providing an interest rate concession to women borrowers, thus starting the interest rates at 6.90\% p.a.
What is the difference between SBI and LIC home loan?
There is one difference between SBI and LIC. In SBI partial payment could be done using netbanking (online payment facility).In LIC this option is not available either you have to pay via Cheque or via Demand Draft for repaying home loan. This is a major point think about it while choosing.
What is the difference between SBI HFL and LIC HFL?
Both SBI and LIC HFL provide affordable interest rates to prospective home owners, with LIC HFL’s interest rate starting at 6.90\% p.a. but SBI providing an interest rate concession to women borrowers, thus starting the interest rates at 6.90\% p.a. The CIBIL score plays an important role in the interest rates offered by LIC Housing Finance.
Is the LICHF LIC Housing Loan a good option?
LICHF Called lic housing loan is not at all recommended. When you are taking the loan that time it is very less intrest rate compare to other loan providers. Once it is approved with in 6 months your interest rate will be increased with no reason and no intimation.again with in a year again they increase the intrest rate.