SBI is offering a credit score based concession of up to 20bps from 10 bps earlier, for a home loan of above Rs 30 lakh to Rs 2 crore across India. The same concession would also be applicable for home loan customers for a loan amount of up to Rs 3 crore in eight metro cities.
CS Setty, MD (Retail & Digital Banking), SBI said “We are pleased to announce additional concessions for our prospective home loan customers this festive season. With SBI’s lowest interest on home loans, we believe this move will facilitate and encourage home buyers to plan their dream house.”
‘With the nation all geared up to the post-Covid era, we are witnessing increased customer demands and we at SBI will continue to offer lucrative benefits suiting needs and requirements of the customers,” he added.
SBI now offers interest rates starting as low as 6.90% for a home loan of up to Rs 30 lakh and 7% for above Rs 30 lakh.
State Bank of India has already announced a slew of special offers for its retail customers with 100% processing fee waiver on car, gold, personal loans. Retail customers are availing the lowest interest rate starting from 7.5% on a car loan.
This festive season,Gold loan customers are enjoying the benefits of the lowest interest rate of 7.5% and personal loan customers are even more happier with 9.6%. Customers can also avail paperless pre-approved personal loans and Insta home top-up loans through YONO.