If you are planning to buy a house in the festive season, then this news can be of your use. The country’s largest State Bank of India (SBI) has brought tremendous offers for the festive season. You will get a home loan cheaper as well as there are many such attractive schemes that will benefit you.
1 00% Exemption from Processing Fees SBI has announced 100% rebate in processing fees of home loans to woo home buyers in the festive season. That is, no money will have to be spent for the filing charge for any home loan.
Additional discount of 25 basis points, though SBI is offering home loan at the rate of only 6.90. But in this festive season, the bank has announced an additional discount of 25 basis points. That is, at this particular time, those taking home loans from SBI will have to pay interest at the rate of 6.65.
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Separate rebate on Yono app The bank has said that if a customer applies home loan through SBI YONO app, then he will be given some concessions separately. According to this, taking a loan from SBI is really a profitable deal for a home buyer.