Home loan has become a compulsion in today’s life. This is the reason why banking sector is enjoying its golden period, and is most likely to enjoy even more in the months and years to come. All banks in India are well aware from this demand and that’s why are working day in and day out to increase their customer base. There is tough competition going on between the banks to provide better service, offers so as to catch attention of customers. In this field of competition, the State Bank of Hyderabad is not behind. SBH is counted among the best state banks of country. This bank has got lucrative offers to please us all. Yeah, it has got offers in the Housing Loan field as well.
Talking about the home loans, SBH provides them at a low interest rate. Oh! So you are interested in knowing about the SBH Home Loan Interest Rate? Well, writing about the most up-to-date SBH home loan interest rate in the below section.
The current interest rate on home loans by SBH has been into the effect since 1st of April of this year. As per it, for loans of up to Rs. 30 lacs, there is annual interest rate of 10.20 percent. The maximum time limit is 30 years. So you don’t only have to pay low interest rate, but also you get a long time to clear the loan amount. Win-win situation, right? For the amount of more than Rs. 30 lacs, the same interest rate, that is 10.20 percent is applicable. Under the SBH Maxgain Housing Loan, there is again interest rate of 10.20 percent.
The interest rate that SBH demands is not high at all. The bank is known for its good friendly service.