Q: I am planning to take home loan from State Bank of Hyderabad.Can you please answer the following queries. Are there any prepayment charges in SBH ? How much is the processing fees and will be there be any other extra charges ? What is the current rate of interest for floating and fixed schemes ? SBH is an affiliated bank of SBI and is under government but why is there a difference in rate of interest ?
you can check rates of different banks online. check moneyivy.com , they give you pretty accurate quotes
25th February 2012
Comment
2
There is prepayment charges of 2% on the principal amount prepaid. and the processing fees will be 0.5% of loan amount. As far as I know the current rate of interest for floating scheme is 11.25% and the current rate of interest for fixed rate is 14.5%.