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What is the Rate of interest on the mortgage loan?

Asked on 13-07-2018 by Rina Singh

Answered by NewsBytes

As per SBI rules, the rate of interest for Mortgage Loan is classified into two parts. For loans up to 1 Crore, the ROI is 11.70%per annum. And for loans above 1 Crore, the ROI is 12.85% per annum.