I took a housing loan from SVC Bank in 2019 at an interest rate of 10.25% p.a. This rate of interest can depend on many factors, like your credit score and repayment history. When I enquired about the SVC Bank home loan interest rate back then, the bank manager explained to me all this. If you’re going with an independent house construction/renovation/resale property, the interest rate starts from 8.20% p.a. However, if you’re taking an affordable home loan, then it starts from 10.25% p.a for both salaried and self-employed individuals.
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Hello,
the SVC Bank home loan interest rate starts at 8.75% per annum onwards.Under the housing loan, SVC Bank offers various kinds of loans, with the different kinds of loans having different interest rates. I took a resale home loan through the SVC Bank about three months ago. So, let me share the complete details about the interest rate for housing loans at SVC Bank with you.
What are the Shamrao Vithal Bank Home Loan Interest Rates?
| Home Loan / Extension / Repair / Renovation | Salaried Applicant | Self-employed Applicant |
New House/Resale/Loan Balance transfer /In Principle/construction of independent house |
8.75% pa onwards |
8.75% pa onwards |
Affordable Housing Loan |
10.00% pa onwards |
10.00% pa onwards |
Top up on Housing Loan |
9.85% pa onwards |
9.85% pa onwards |
These are the SVC Bank home loan rates of interest for different kinds of loans. I would like to tell you that the interest rate depends on certain things regarding your profile, such as your CIBIL score.
To easily get a home loan at a lower interest rate, a score of 750 and above is considered safe. Thus, you must maintain a good credit history by paying your existing EMIs and debts on time and not defaulting to keep your score on the higher side.
This is all I have to share with you regarding the SVC home loan interest rate. I hope this helps.
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What is SVC Bank Home Loan Interest Rate?
faraz
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2024-01-26T20:54:07+00:00 2025-03-11T09:48:34+00:00Comment
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