Which is a good type of home loan in the SBI

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 Which is a good type of home loan in the SBI, with max gains, term loans, or anything else? I am a single/software professional.

There are mainly two types of home loan facility in SBI (1) HL Maxgain (2) HL Term Loan.


(1) In maxgain, there is OD facility. So you can deposit your excess fund to the maxgain account and reduce your interest burden. Later anytime if you need fund you can simply withdraw the amount from the your maxgain account. So it has flexibility. Current Interest Rate is 8.4



Are you looking online jobs?


(2) In Term Loan, you can pre pay any amount at any time but you cannot withdraw the fund from your account. Current Interest rate is 8.3


So, which one is better it depends on your source of income. If there is any possibility of getting more funds then Maxgain is better. More people opt for Maxgain because of this OD facility.

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