mumbai state bank of india today launched two new home loan products sbi easy home loan and sbi advantage home loan with processing fee for both waived till september 30while sbi easy home is for loans up to rs 30lakh sbi advantage home is for home buyers in the premium segment above rs 30lakh a press release issued here saidin sbi easy home loan the interest rate charged on a daily reducing balances would be 8 per cent per annum for the first year and 9 per cent per annum fixed for the second and third yearsfrom the fourth year onwards the customer can choose between a floating rate of 2 per cent below the state bank advance rate sbar and a fixed rate of 1 per cent below sbar with a fiveyear reset the release saidthe indicative emi for the first year would be rs 836 and for the next twoyears rs 898 for a loan tenure of 20years sbar is 1175 per cent with effect from june 29sbi advantage home targeted at premium home buyers above rs 30lakh will have an 8 per cent per annum fixed interest for the first year and 95 per cent per annum fixed for the second and third years the release said