Hello, the SBI Shaurya home loan interest rate starts at 8.60%. The effective rate is 9.15%, with the concession over the card rate of 55 bps. This makes the interest rate to be 8.60% as 10 bps equals 0.1% concession on interest rate.
The SBI Shaurya home loan is a scheme brought out specially for the army and defence personnel of India. Under this scheme, home loans are provided to only defence employees. The SBI offers home loans to applicants at lower interest rates with extra benefits, such as no processing fee on the home loan, ease of repayment options and longer repayment periods.
What is the SBI Shaurya Home Loan Interest Rate?
The home loan interest rate under the SBI Shaurya scheme depends on your CIBIL score. If you have a CIBIL score of 750 and above, you’ll get the home loan at the lowest interest rate. For the Shaurya, Shaurya Flexi, and Shaurya Flexi Vishisht, you’d get an additional concession of 10 bps, i.e. 0.1% on the interest rate.
You can find the descriptive interest rates for the particular CIBIL scores by going to this
link
on the SBI website.
What are the Eligibility Criteria for SBI Shaurya Home Loan?
You need to be an Indian resident.
You need to be aged between 18 to 75 years.
The loan tenure can be a maximum of 30 years.
This is all I have to share about the SBI Shaurya home loan current interest rate. I hope this helps you.
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What is SBI Shaurya Home Loan Interest Rate?
Rishi
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10 months
2024-01-26T19:32:42+00:00 2024-01-26T19:32:43+00:00Comment
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