India’s largest pubic sector bank SBI has reduced home loan rate to 6.7 % and is also waving off processing fees. This offer is valid till March 31 as per a release from the bank.
SBI Home loan interest rates are linked to CIBIL score and start from 6.70 percent for loans up to Rs. 75 lakh and 6.75 percent for loans above Rs. 75 lakhs, the bank said.
Customers can also apply from the ease of their home via YONO App to get additional interest concession of 5 bps. On the eve of International Women’s day, a special 5 bps concession is being made available to the women borrowers, the bank said.