SBI home loan interest rate for new customer

POSTED BY awi ON December 31, 2013 3:30 pm COMMENTS (2)

I applied SBI home loan for 20 Lakh on Oct 2013. But my loan approved on 21st Dec 2013 and account opened on 26th Dec 2013. But SBI  bank is charging me 10.3%. Does this correct or should be change 10.15%. Please let me know.

2 replies on this article “SBI home loan interest rate for new customer”

  1. ashalanshu says:

    Dear Awi, did you ask it from SBI, why it’s charging more from you? As per my understanding the rate of interest applicable on the loan agreement date should be used for you.

    Thanks

    Ashal

  2. mike says:

    I am on the same boat, my loan was approved on 16th Dec. they charging me 10.50.
    I did not sign any document yet, but trying to find the way to get the new interest rate.

    The bank should give the new rate for you, as the new interest rate is effective 20-Dec.
    check with your bank or RACPC

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