Enjoy the SBI Advantage:

• Lowest Equated Monthly Instalments (EMI).

• Lowest interest rates, currently between 11.50% p.a. to 12.50% p.a. on reducing balances

• Processing charges waived upto 31^st March 2002. Compare with the 1.5% - 2% charged by others.

• No hidden costs or administrative costs.

• No prepayment penalties. Should you have surplus funds, you may conveniently reduce your loan liability and interest burden. Compare with penalties of up to 2% charged by others.

• In-principle approval given prior to your identifying a house /flat, giving you flexibility in choice.

• Complete transparency - When we say our rate of interest is 12.00% p.a. you pay only 12.00%. When others say 12.00%, you may be paying even 13.5% p.a., as interest may be levied even on the amounts you have already repaid. This is because we apply interest on a daily/monthly reducing balance while housing finance companies/ other banks mostly apply interest on annual reducing balance. On an annual reducing balance, the interest for the full year is decided on the balance outstanding at the beginning of the year. You continue to pay interest even on the amounts you repay monthly during the year.