The SBI has twisted the teaser loan scheme by naming it as Easy Home Loan, Advantage Home Loan and Premium Home Loan, depending on the size of the loan amount. SBI Easy Loan (for loans up to Rs.30 lakh), the interest applicable in the first year is 8.5 per cent and 9.25 in the second and third year, as against the present applicable rate of 9.5. From the fourth year onwards, the interest rate applicable would be the prevailing rate then.
