State Bank of India SBI
State Bank of India (SBI)

SBI Home Loans: India’s leading public sector banking and financial services bank State Bank of India on Monday announced a limited period ‘home loan’ offer entailing a concession of up to 70 bps with interest rates starting from 6.70 per cent onwards.

SBI has launched this as a limited period offer which ends on 31 March 2021 with home loan interest rates starting as low as 6.70 percent for loans of up to Rs 75 lakh and 6.75 percent for loans in the range of Rs 75 lakh to Rs 5 crore.

Besides, the lender has also given 100 per cent waiver on processing fees.

As per the lender, the interest concession is based on the loan amount and CIBIL score of the borrower. The lender said that customers applying via ‘YONO App’ will get an additional interest concession of 5 bps.

Additionally, a special 5 bps concession is being made available to the women borrowers.

“Our customers have complete trust in us because of our total transparency. The reduced interest rates are one of the best interest rates in home loans anyone can wish for,” said Saloni Narayan, DMD (retail business), SBI.

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(with inputs from IANS)