SBI announces special offers on home loans

Mumbai: The State Bank of India (SBI) has announced special offers on home loans for borrowers.

Making the announcement through a tweet, the public sector lender said that homebuyers applying for loans will get three benefits- nil processing fee, 0.10% interest concession for borrowers having a higher Cibil score for loans above 30 lakh and less than 1 crore, and an additional 0.5% concession if applied through SBI's Yono app.

Currently, the interest rate on SBI home loans vacillates between 6.95 per cent to 7.45 per cent for salaried customers, and 7.10 per cent to 7.60 per cent for self-employed.

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