In an attempt to encourage women in applying for home loans, SBI has offered a reduction in interest rates on home loans for women. Reduced rates will be applicable in cases where the woman in the sole applicant or first co-applicant and also the sole/first co-owner of the property.
A woman customer will now pay only 10.1% compared to 10.15% for others, for loans up to Rs. 75 lakh. For loans above Rs. 75 lakh, women customers qualify for an interest rate of 10.25% versus 10.3% for others. Revised rates will come into effect immediately.