![]() Home loans are very high-value debt for a common man. Lower interest rate will also allow him to save interest charges by approx Rs 5,50,000. Reduced interest rate will allow him to reduce loan tenure by 2 years. Yuvraj calculated that, with his present loan balance. It was only logical, SBI as it was offering cheaper loan.īut what advantage Yuvraj will get by switching to cheaper loan?Ĭheaper loan means early settlement & less interest payment. He decided for a home loan transfer to SBI from Axis Bank. He saw that State Bank of India (SBI) is offering home loan at interest at rate of just 10.15% pa. He was paying interest at rate of 10.75% on his home Loan. He did some study and here are his findings. ![]() Yuvraj wanted his home long transfer to SBI. ![]() SBI provides home loan at most attractive interest rates.
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