Hi,
I got home loan of 35 lacs appprove by SBI in May’13 and tentatively my home loan possession might happen in Jun’14.
Till now SBI has disbursed around 25 lacs to the builder.
My query is that SBI is charging 10.1% interest rates for home loans below 30 lakhs and 10.4 for loans above 30 lakhs so for me it is 10.4 %. But in case I take only 30 lakhs from the bank and pay to the builder 5 lakhs (which I initially planned to take from SBI) from my sources, will SBI change my interest rate to 10.1 (or whatever is applicable for the loans below 30 lakhs) ?
Thanks
Viren R