SBI Festival Offers : Home loans at lowest interest rates

SBI Festival Offers : Demand in all sectors has declined over the past six months due to the corona epidemic. Demand is expected to increase during the festive season.

As a result public and private sector banks are announcing good offers to their customers during this time. State Bank of India (SBI), a public sector bank along with private sector banks HDFC and ICICI, have recently announced good offers for customers on some loans. They are home loan, car loan, two-wheeler loan, gold loan, personal loan and business loan. The offers include some cancellation of processing fees or percentage cancelled.

SBI festival offers on home loan

Especially, SBI has recently told a good news to its customers. It announces festive offer for home loan customers. The offer includes as below.

1. SBI Home loan interest rates will discount by up to 25 basis points .
2. The customer will give a discount of up to 25 basis points on interest based on their Sibyl score.
3. Yono said it was offering a discount of up to 20 basis points for borrowers over Rs 75 lakh based on customer credit and the remaining 5 per cent if the loan is approved through the app.
4. Taking a home loan in the name of a woman would result in another 5 per cent concession.

While it was a bumper offer last month

At this time, SBI is aware of the recent bumper offer to its customers. Lifted processing fees on loans. Announced huge offers on loans during the festive season. They are as under

1. SBI has waived the processing fee for customers applying for the Yono app. This is good news for borrowers.
2. Yono has announced the cancellation of 100% processing fee for vehicle loan, gold loan and personal loan borrowers.
3. It also said it was waiving 100 per cent of the processing fee on home loans on uplift projects.
4. Also, based on the credit score and the loan amount on the home loan, the interest rate is discounted by 10 basis points.
5. Yono said it will offer an additional 5 basis points interest rebate if you apply for a home loan through the app.

SBI Home loan offer : on above 30 lakhs

In this case, SBI has so far announced interest rebates of up to 20 basis points on customer’s credit scores on home loans below Rs 30 lakh to Rs 2 crore as part of festive offers.

Also read : Good news for Jio users

1. The concession will give on home loans of less than Rs 3 crore in eight metro cities.
2. SBI claims that there will be an additional 5 basis points interest rebate if applied through the Yono app.

At last, the bank is currently offering an interest rate of 6.9 per cent on home loans worth less than Rs 30 lakh. Home loans above Rs 30 lakh are up 7 per cent.