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. |
