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Wednesday, 21 October 2020
SBI announces Festive Season Interest Concession up to
SBI announces Festive Season Interest Concession up to 25 bps
·Bank offers up to 20 bps interest concessions for loans above Rs. 75 lakhs based on CIBIL score
·Bank offers concession in rates after RBI Monetary Policy announcement
·Additional 5 bps concession for all home loans if applied through YONO
·Customer to get Credit Score based concession up to 10 bps for loans above Rs 30 lakhs to Rs 75 lakhs
·5 bps additional interest concession to women home buyers
·The lowest Interest rates start starting from 6.90% for home loans of up to Rs. 30 lakh
to offer homebuyers an enhanced festive delight, the country’s largest
lender State Bank of India (SBI) announces concession in home loan rates
by as high as 25 bps. SBI home loan customers would get an interest
concession of 25 bps for buying their dream homes of above Rs. 75 lakhs
based on CIBIL score and through YONO. In an extension of its festive
offers announced recently, SBI offers a credit score based concessions
of up to 20bps from 10 bps earlier, for a home loan of above Rs. 30
lakhs to Rs. 2 crores across India. The same concession would also be
applicable for home loan customers for a loan amount of up to Rs. 3
crores in eight metro cities. An additional 5 bps concession for all
home loans is given if applied through YONO.
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 lakhs.
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.”
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. Gold loan and
personal loan customers are also enjoying the benefits of lowest
interest rates of 7.5% and 9.6% respectively, this festive season.
Customers can also avail of paperless pre-approved personal loans and
Insta home top-up loans through YONO in a few clicks.