Mortgage Loan

SBI MORTGAGE LOAN
1. Credit Customer may default in repaying the loan A minimum upfront margin of 30% is being maintained. The House/ flat financed out of Bank finance is registered mortgaged in favour of SBI with the respective sub-registrar office. In case of default the House can be seized and auctioned for recovery.
2. Interest Rate Interest rate fluctuations Floating Interest rates linked with prime lending rates. In case of fixed interest rate margin over PLR is kept high and as such the NIM is high ab initio.

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BACH/BEFTN

Fund transfer through ATM

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