SBI festive bonanza: Home loans rates slashed to 6.70%, 0% processing fee, offers for non-salaried borrowers
Zee News
State Bank of India (SBI) has slashed interest rates on home loans to just 6.70%, which is one of the lowest in the industry.
New Delhi: State Bank of India (SBI) has slashed interest rates on home loans to just 6.70%, which is one of the lowest in the industry, as part of festive season offers. The state-owned lender is offering home loans at a 6.70% interest rate to all customers irrespective of the loan amount.
In another home loan offer, SBI is allowing borrowers all borrowers to apply for home loans at just 6.70% interest rate. This means that even non-salaried borrowers, who used to pay 15 bps higher than the interest rate applicable to a salaried borrower, will also get home loans at just a 6.70% interest rate.
“We are pleased to launch the festive offer for our prospective home loan customers. Generally, the concessional interest rates are applicable for a loan up to a certain limit and are also linked to the profession of the borrower. This time, we have made the offers more inclusive and the offers are available to all segments of borrowers irrespective of the loan amount and the profession of the borrower,” said SBI Managing Director (Retail & Digital Banking) C.S. Setty.
