Many banks are also offering attractive discounts on home loans.
SBI on Friday announced a rebate of up to 0.30 percent on home loan rates and completely waived processing fees.
Women borrowers will get an additional 0.05 percent discount
A release issued by the bank said that the new interest rates on home loans are linked to the CIBIL score and start at 6.80 per cent for loans up to Rs 30 lakh, while the interest rate for loans above Rs 30 lakh is 6.95 per cent. Will start from The bank said that women borrowers will get an additional discount of 0.05 percent.
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According to the bank, “For the purpose of offering attractive concessions to home buyers, the country’s largest lender SBI has announced a discount of 30 bps (0.30 per cent) on home loans and 100 per cent rebate on processing fees.”
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0.05% additional relief on application from YONO app
The bank said that interest concessions of up to 0.30 per cent are also available in eight metros for loans up to five crore rupees. The release said that customers can easily apply from home through the Yono app and get an additional interest relief of 0.05 per cent. The bank’s managing director (retail and digital banking) CS Setty said, “We are happy to extend the rebate to our prospective home loan customers by March 2021.”