SBI Festive Bonanza! Get Big Discounts on Home Loans, No Processing Fee till Jan 2023

SBI in a statement said that it aims to make home loans affordable for all potential purchasers during the current festive season.

For this, the bank would provide a discount of up to 0.25% on home loans, 0.15% on top-up loans, and 0.30% on loans against property as part of the Festive Bonanza.

SBI has made the offer even more attractive by removing the processing fees for house loans till January 31, 2023. The bank said that the above offers have been made taking into consideration various needs of customers from different market groups.

Dinesh Khara, SBI Chairman told media that “SBI being the leader in home finance, takes ownership to enable the housing dream of every Indian. We are extremely grateful to our customers, comprising more than 28+ lakh families, who have trusted us and chosen us to be their partner in the home-ownership journey. A series of process and digital initiatives undertaken over the past few years played a crucial role in our journey to the Rs. 6 trillion. We are committed to being partners in Nation Building and are striving to realize the dream of our Hon’ble Prime Minister towards – Housing for All.”

Alok Kumar Choudhary, managing director, of retail banking and operations of SBI said, “As we enter the festive season after a long period of muted celebrations due to COVID restrictions, our offer this festive season is aimed at providing the much-needed support for prospective homebuyers, as they embark on their journey for home ownership. Looking at strong interest for home loans across the country, we are happy to announce a concessional rate of interest and waiver in processing fees for a limited period.”

SBI has launched a series of unique offerings across the home loan segment. The interest rate for buyers of new home loans and takeovers begins at 8.40%, while the interest rate for top-up loans for furniture, renovation, and home improvement begins at 8.80%.

How to apply for SBI Home Loan

Customers who want to apply for State Bank of India home loans can do it offline as well as online. They can also apply by clicking on the link given below;

Direct link to apply online