new Delhi. In order to provide more happiness to the people buying the house on the occasion of the festival, the country’s largest commercial bank State Bank of India i.e. SBI increased the interest rates of home loan (SBI Home Loan) by 25 basis points i.e. up to 0.25 percent Has announced a waiver. After this announcement, SBI’s home loan interest rates have come down to 7%. By the way, these interest rates are for loans up to 30 lakh rupees. If we talk about loans of more than that, then they still remain at 7%. Let us also tell you how SBI’s affordable home loan rates can be availed.
According to the statement from the bank, home loan customers will get 25 basis points interest rebate for buying their dream house up to Rs 75 lakh. This waiver will be available on the basis of credit score and on applying through YONO. Under the recently announced festive offers, SBI will provide a concession of up to 20 basis points instead of 10 basis points based on credit scores on housing loans ranging from Rs 30 lakh to Rs 2 crore across the country.
6.90% interest rates
This concession will also be available to customers with housing loans up to Rs 3 crore in eight metro cities of the country. An additional 5 basis points concession will be available for all housing loans if applied through YONO. SBI has claimed that through this, it now offers the lowest interest rate for housing loans up to Rs 30 lakh, starting at 6.90 percent. The interest rate will be 7 percent applicable on housing loans above Rs 30 lakh.
Attractive discounts here too
The bank has already announced special offers for its retail customers with 100% discount on processing fees on cars, gold, personal loans. Retail customers are availing the lowest interest rate on car loans starting at 7.5 per cent. In this festive season, gold loans and personal loans are available at interest rates of 7.5 per cent and 9.6 per cent respectively.