Need information on Home loan from State bank of Travancore

POSTED BY apna bala ON December 11, 2013 9:04 pm COMMENTS (2)

Dear Experts,

I had taken my home loan in  Dec 2010 from State Bank of Travancore which was a teaser loan with first year 8 % and second year and third year 9 % and rest of the period +2.5% from the SBT base rate. After speaking to the bank officials , I had changed to the SBT base rate (10.25%) now. When I requested  for OD facility(Similar to SBI Max Gain), Banker says the applicable interest rate would be 10.5 %.(+0.25% ) for the same. I want to park my emergency fund into this OD account in future.

Please advice me on the same to go for OD or not. Your views will help me to live a better financial life.

2 replies on this article “Need information on Home loan from State bank of Travancore”

  1. ashalanshu says:

    Dear Apna Bala, if you feel you have enough money to park so that you can save on interest, opt Max Gain.



    1. apna bala says:

      Dear Ashal Ji,

      Thank you so much for your advice.
      Apna Bala

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