SBI proclaims as much as 30 bps low cost on residence loans


Mumbai, January 8

State Bank of India on Friday announced an interest concession of up to 30 basis points on home loans and a 100% waiver on processing fees.

The new home loan interest rates are linked to CIBIL score and start from 6.80% for loans up to Rs 30 lakh and 6.95% for loans above Rs 30 lakh, a bank release said. Women borrowers will get a concession of 5 bps, it said.

“With an aim to offer attractive concessions to the home buyers, country’s largest lender SBI announces further interest concession of up to 30 bps on home loans and 100% waiver on processing fees,” it said.

The bank said interest concession is also available in eight metro cities for loans up to Rs 5 crore. — PTI



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