Home loan is one arena where one must tread with caution and should endeavour to get the best deal in the home loan rates.

SBI is showing its aggresiveness in this field and has come with further cut in interest rates for home loans in line with its special three months long SBI My Home Campaign set to start from Saturday.

The loan scheme is worth a look as this scheme is providing an interest rate of 8% for the first year while 8.5% to 9% in the subsequent year based on the size of deal. The bank has also extended the limit on the Easy Home Loan scheme from existing Rs 30 lakh to Rs 50 lakh.

However as a caution read the fine print and understand the implications of loan interest rate in the times to come i.e. the time when the interest rates will be actuals.
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