SBI Home Loan Holder Can Switch Their Interest Rate

Now A Very good news from India's biggest bank and lender, the SBI home loan holders can switch their existing loan interest to a lower floating interest. This facility available for that home loan holder who is paying high interest amount. Those home loans holders can change their current interest rate by paying one percent of his outstanding loan amount.

This change will reduce the burden of home loan interest of many loan holders. Those who are paying 14.75 percent interest on their current loan amount can easily change their interest rate to floating interest rate 10.50 percent to 11.00 percent rate by giving 1.00 % of their outstanding loan amount.

Managing Director& Chief Financial Officer Diwakar Gupta told that it will help the current high interest holders to reduce their loan burden.

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