SBI Hope Loans at lower interest rates? Details on Documents, Eligibility, Processing Fees, Process, MCLR Rates, Under this scheme customers can avail credit facility at lower rates.
On an Rs. 50 lakh home loan, for example, one would get to save approximately 3.5 lakh for a 30 year tenor compared to the same period last year”.
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With the reduction in MCLR, the effective interest rate for home loans will be 8.30 per cent for women and 8.35 per cent for men and for auto loans.
Processing Fees for car loan – Waived of due to festival season.