SBI Home Loan- Discover Your Options Today

NOIDA, India - April 29, 2015 - PRLog -- Central bank Reserve Bank of India revised its norms for Priority Sector Lending (PSL). The bank added new segments to PSL such as micro, small, medium enterprises, social infrastructure and renewable energy. Increasing the amount of home loans for PSL is an appreciable and positive step and will help in accomplishing the targets of banks.

The new additions will definitely make the banks able to achieve the targets in a better way possible. Housing loan limit has also been increased. Lots of positive things are on the way. So, overall banks are going to get the large chunk of profits in the coming fiscals. Recently, SBI Home Loan has been accolade with the ‘Most Preferred Loan Provider’ and the ‘Most Preferred Bank’ awards in a survey that was conducted across 21 cities in India. There are many features that make SBI the leading lender over pan India.

·         Simplified loan approval process.

·         Competitive interest rate with exclusive benefits.

·         Special packages for women with 9.85 percent rate of interest.

·         No administrative or hidden costs.

·         There are no pre-payment penalties.

·         Strong foundation of trust and transparency that makes sense to bank with SBI.

To avail the special home loan packages for women there are some conditions-

·         Either woman should be sole applicant or the first applicant in case of joint loans.

·         The property that is supposed to be funded should be in the sole name of woman applicant or she should be the first proprietor in case of joint possession.

After the significant rate cut, SBI Home Loan Interest Rate is at 9.90 percent. Existing home loan borrowers can also enjoy the currently reduced interest rate by switching their home loan. It is the most trusted bank with integrated branch network all over India. Flexible repayment options coupled with longer tenure makes it more preferable lender over other banks. Read More Here http://sbi.unifiedloans.in/home-loan.html