What is the current interest rate?
Any banks offer competitive rates?
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  • SBI has not changed much. They are still offering fixed/floating teaser rates of
    year 1: 8 fixed
    year 2: 9 fixed
    year 3: 9 fixed
    year 4 onwards: floating

    LIC is offering 8.96 (wierd) fixed for 3 years and floating there after.

    My recommendation - go for these two.

    If you are looking at a HL for 10 years or less, many banks are still offering fixed schemes.

    I would recommend you stay away from private sector if possible. unless you want quick processing.
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