SBI reduces house mortgage rates of interest to six.70%, gives 100% waiver on processing charges

Image Source : SBI HOME LOANS HOMELOANS.SBI SBI reduces house mortgage rates of interest to six.70%
State Bank of India (SBI), the nation’s largest lender, has reduce the house mortgage rate of interest by upto 70 bps with rates of interest ranging from 6.70% onwards (restricted interval supply ending on March 31, 2021). The financial institution can also be giving 100 per cent waiver on processing charges. 
The curiosity concession are primarily based on mortgage quantity and CIBIL rating of the borrower. 
“Home loan interest rates are linked to CIBIL score and start from 6.70% for loans upto Rs. 75 lakh and 6.75% for loans above Rs. 75 lakhs,” it stated.

“SBI believes that it is important to extend  better rates to customers who maintain good repayment history,” the financial institution stated in a press release.
Customers may also apply from the benefit of their house through YONO App to get extra curiosity concession of 5 bps. On the eve of International Women’s day, a particular 5 bps concession is being made out there to the ladies debtors. 
“Our customers have complete trust in us because of our total transparency. The reduced interest rates are one of the best interest rates in Home Loans anyone can wish for,” Saloni Narayan, DMD (Retail Business), SBI, stated.
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