Home Loan Interest Rate Increased from June 2022
From June 2022 the interest rates of Home Loan is increased by 0.4%. Earlier it was around 6.85% and now increased to 7.25% approx. diffrent banks vary about 0.2-0.4% based on customer, which is Salaried/ Self Employed, Male/Female Applicant.
SBI Interest rates:
If you take a home loan for up to Rs 35 lakh, the interest rate would be 7.05 percent if your CIBIL score is 800 or above. The risk premium is nil in this case because the SBI EBLR is 7.05 percent. Note that the risk premium is determined by the CIBIL score.
The new interest rate of 7.05% is applicable provided CIBIL score is is 800 or more
For more details visit SBI official Website
More information on Home Loan Interest Rates- Click here
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