SBI’s big offer in the festive season, 0.25% discount on interest rate on home loan.
New Delhi, Business Desk. In view of the festive season, many major banks in the country are offering attractive offers from their customers. In this series, the country’s largest bank, State Bank of India (SBI) has brought very attractive offers for home buyers. The bank has announced a discount of up to 0.25 percent in home loan rates to its customers. According to this announcement, SBI home loan customers will get 0.25% interest rebate for buying a house up to Rs 75 lakh. This discount will be based on the CIBIL score and will be available on the application through the YONO app.
According to the recent announcement of festive offers made by SBI, the bank will offer a rebate of up to 0.20 percent on the basis of credit score on home loans ranging from Rs 30 lakh to Rs 2 crore across the country. This discount will also be available to home loan customers of up to three crore rupees in eight metro cities of the country. At the same time, on applying through the YONO app, an additional 0.5 percent discount will also be available on all home loans.
State Bank of India says that it is offering a very low-interest rate on home loans up to Rs 30 lakh. Here the interest rate starts from 6.90 percent. At the same time, the interest rate on home loans above Rs 30 lakh will be 7 percent.
Significantly, SBI has already announced a discount of 100 percent in processing fees on car loans, gold loans and personal loans. The bank’s retail customers are getting car loans at an initial interest rate of 7.5 percent. At the same time, in this festive season, the bank has offered 7.5 percent and 9.6 percent interest rates to gold loan and personal loan customers respectively. SBI customers have the facility to avail of pre-approved personal loans and Insta Home top-up loans in just a few clicks through the Yono app in a paperless manner.