Info about SBI home loan , pl guide me on following : –
1) What is the effective rate of interest for home loan and processing fees for Rs 15.00 Lacs home loan for Corporate Salary account holders.
0.25 discount under special scheme til 30.09.12.
0.25 discount for Corporate salary account holders.
(Net ROI is 10.75-0.25-0.25=10.25%)
In Processing fees got 50 % discount so is it 0.125% for CSP.
(Details as per CSP benefit mention on SBI website)
2) If I would taken a home loan from SBI they provided the free accidental insurance equal to loan amount.
I am also take the SBI RINN RAKSHA policy for same loan amount.
So in case of any casualty may I got the benefit of both policy or claim for only a single one means I got 15*2=30 Lacs or only 15 Lacs .