SBI Easy Home Loan – Interest rate increased from 8% to 11.8% after 3 years !!!

POSTED BY rrw ON October 5, 2013 9:41 am COMMENTS (4)

I took SBI Home Loan – SBI Easy Home Loans in 2009.

The interest rates was 8%. For the next 2 years, it was 8.5%.
It has all of a sudden increased to 11.8% since the last year, tough the interest rate is around 10% to 10.5% currently.
The link here says I can do some transfer –

http://www.homeloanshub.com/sbi-bank/home-loan-interest-rate.html

Has anybody faced similar problem? Anybody who’s solved it?

4 replies on this article “SBI Easy Home Loan – Interest rate increased from 8% to 11.8% after 3 years !!!”

  1. ashalanshu says:

    Dear Rrw, thanks for the update.

    Thanks

    Ashal

  2. rrw says:

    Hey,
    That worked. Thanks.

  3. rrw says:

    Hey thanks much for the reply.
    Will do that and see.

    Will keep the forum posted.

  4. ashalanshu says:

    Dear RRW, please contact your loan serving branch and ask there for rate conversion. You w’d have to pay around 0.56% of your outstanding loan amount and you ‘ll get the new ROI.

    thanks

    Ashal

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