Good news is lined up for the women borrowers of State Bank of India. Recently SBI has announced that the bank is extending the period for the offer of special home loan rates to women customers of the bank.
In December last year, bank launched this scheme in which bank decided to provide home loans to the women at lower rates. SBI reported that the date will be extended beyond 31st March, 14. Under the offer bank will be providing home loans to the women at the rate of 10.15% for up to RS 75 lakh and 10.30% for above Rs 75 lakhs. At present the base rate of the bank is 10%.
Further the women who are the only applicant or first of the co-applicants and also the sole or first of the co-owners of the property are given additional reduction of 5 bps.