SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

SBI extends teaser home loan scheme by 3 months

30 Sep 2010 Evaluate

Country's largest lender State Bank of India  will extend its 8 per cent concessional home loan scheme, popularly called teaser rates, by another 3 months till December. The popular home loan and car loan schemes by SBI was due to expire on September 30.

For the first year, SBI home loan is offered at 8 per cent interest rate and at 9 per cent for the second and the third year. From the fourth year onwards, home loans up to Rs 50 lakh attract 9.25 per cent interest while higher loans carry 9.75 per cent interest rate. 

At present, the scheme carries 10 per cent interest rate from the fourth year onwards. Car loan is also available at 10 per cent concessional rate. 

crackcrack

SBI Share Price

1043.90 -22.80 (-2.14%)
13-Apr-2026 11:28 View Price Chart
Peers
Company Name CMP
SBI 1043.90
PNB 109.60
Canara Bank 137.85
Bank Of Baroda 271.30
Union Bank Of India 181.50
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×