As the days for DDA Housing scheme 2010 is coming to a close, many banks have started offering loans for DDA Housing scheme 2010. The two public sector banks which have taken the initiative in this regard include State Bank of India and Central Bank of India. Axis Bank has also joined the race and as more banks are entering the foray, interest war is becoming hot.
On 1st December, 2010, State bank of India declared that the monthly installment for the finance amount Rs 150,000 gets reduced from Rs 5100/ to Rs 4600/. For a loan amount of Rs 50,000 the total monthly expense will be Rs 1600 only for the flats of DDA Housing scheme 2010.
Bank Interest and Charges on Rs.150,000 Earnest Money Finance
| Bank | Interest Rate % | Intt for Amt Rs.1,50,000
(for 4 months) |
Processing Fee
Rs |
Stamp
Rs |
Total
Rs |
Rematks |
| Central Bank Of India | 8.5% | 4300 | 221 | — | 4521 | Processing Charge waived if SB a/c with CBI |
| Bank of India | 8.5 % | 4782( Intt for 4 and Half Months) | Nil | — | 4782 | May revise and get 4 months Intt |
| State Bank of India | 8 % | 4500(Inclusive all charges) | 500 | 100 | 4600 | Revised on 01.12.2010 |
| Axis Bank | 8.25% | 4860 (4 Months)package | Included in package | — | 4860 | 4.12.2010 |
Bank Interest and Charges on Rs. 50,000 Earnest Money Finance
| Bank | Interest Rate % | Intt for Amt Rs.1,50,000
(for 4 months) |
Processing Fee
Rs |
Stamp
Rs |
Total
Rs |
Rematks |
| Bank of India | 8.50 % | 1594(Intt for 4 and half Months) | Nil | – | 1594 | May revise and get 4 months Intt |
| Central Bank Of India | 8.5% | 1434 | 221 | – | 1655 | Processing Charge waived if SB a/c with CBI |
| State Bank of India | 8 % | 1500(Inclusive All) | — | 100 | 1600 | Revised on 01.12.2010 |
| Axis Bank | 8.25% | 1890 (4 Months)package | Included in package | — | 1890 | 4.12.2010 |
