A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • SBI MaxGain Vs SBI Regular Home Loan

    Compare two of the major home loan schemes from State Bank of India, which has a wide range of different housing loans, to understand which will be the best home loan for you based on your requirements. Although both the schemes are offered by the same bank, each one has its unique features and benefits. Understanding this will help you make the right decision that will help you own your dream home without any hassles.

    Compare SBI Max Gain Vs SBI Regular Home Loan

    Compare SBI Max Gain SBI Regular Home Loan
    Interest Rate 7.30% p.a. onwards 6.95% p.a. onwards
    Processing Fees 0.40% of loan amount + GST
    Minimum: Rs.10,000 + GST
    Maximum: Rs.40,000 + GST
    0.40% of loan amount + GST
    Minimum: Rs.10,000 + GST
    Maximum: Rs.40,000 + GST
    MCLR (1 year) 7.00% 7.00%
    EBR 6.65% 6.65%
    Loan Amount Contact the bank Contact the bank
    Loan Tenure 30 years 30 years
    Lowest EMI Rs.665 Rs.662
    Eligibility Resident Indian
    Between 18 to 70 years of age
    Resident Indian
    Between 18 to 70 years of age
    Prepayment Charges Nil Nil
    Penal Interest Rates 2% p.a. 2% p.a.

    Which SBI Home Loan Scheme Offers Lowest Home Loan Interest Rate – SBI Max Gain Vs SBI Regular Home Loan?

    State Bank of India offers affordable interest rates on all its home loan schemes which are tailored for different demographics. Women borrowers get a concession on interest rate of up to 05 basis points on all the home loans. SBI Regular Home Loan starts at 6.95% p.a. onwards whereas SBI Max Gain starts at 7.30% p.a. onwards. So it is SBI Regular Home Loan that offers a lower interest rate. However, it has to be kept in mind that SBI Max Gain home loans are sanctioned as an overdraft where the drawing power is reduced on a monthly basis up till the principal amount of the Equated Monthly Instalment such that it is completely liquidated by the end of the loan repayment tenure.


      

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.