Is SBI good for home loan?

SBI Home Loan is much sought after, thanks to its competitive interest rates and impressive turnaround times. The interest rates are as low as 6.95%. The Loan process is see-through and quick. Good repayment tenure that extends up to 30 years, makes paying back your Home Loan as easy as pie.

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Accordingly, how much loan can I get on 60000 salary?

However, if you are deliberating on the loan amount with how much loan I can get on a 60,000 salary, the approved amount should be close to

Salary Expected Personal Loan Amount
Rs. 40,000 Rs. 10.80 lakhs
Rs. 50,000 Rs. 13.50 lakhs
Rs. 60,000 Rs. 16.20 lakhs
Beside this, is SBI overvalued? PB vs Industry: SBIN is overvalued based on its PB Ratio (1.5x) compared to the IN Banks industry average (1.1x).

Also know, what is SBI Max Gain?

SBI MaxGain is a home loan that is sanctioned as an OD with a limit that is equal to the approved loan amount. Your home acts as the underlying security for the OD account. This product has the same interest rate as the other home loans from SBI upto Rs. … A premium of 0.25% is applied for home loans above Rs. 1 crore.

Which account is best in SBI?

SBI Savings Account Interest Rates & Minimum Balance Required

Savings Account Interest Rate Minimum Balance
Basic Savings Bank Deposit Small Account 2.70% p.a. Nil
Savings Bank Account 2.70% p.a. Nil
Savings Account for Minors 2.70% p.a. Nil
Savings Plus Account 2.70% p.a. Nil

Which is better SBI or HDFC?

Lowest Interest rate of SBI Loan is 11.20%, which is lower than the lowest interest rate of HDFC Bank at 11.90%. … SBI offers Business Loan upto an amount of ₹ 100 Cr, while HDFC Bank offers Loan upto an amount of ₹ 50 Lakh. Therefore, SBI can be a better option if you are looking for a high value amount.

Why is SBI better than other banks?

They are very well positioned on the liability franchise, they have very cheap CASA deposits, their cost of funds would be much cheaper and they have the best kind of reach. Also, SBI is the largest mortgage lender in India.

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