SBI has reduced the home loan interest rates by 10 basis points to 6.7%, as a limited period offer till 31st March 2021.
This low home loan interest rate offer would be based on the home loan amount and CIBIL score of the borrower. State Bank of India will also waive processing fees for home loan applications until 31st March 2021.
When you take a SBI home loan, you can also enjoy subsidy benefits under PMAY.
Although SBI is a government owned Bank, they have adapted well to digital channels. You can apply for SBI home loan through SBI YONO app and get additional home loan interest concession of 5 bps. The application process is very smooth and streamlined when you apply for SBI home loan through SBI YONO app.
On the eve of International Women’s day, a special 5 bps concession is also being made available to the women borrowers.