With this, OSEClients would earn an interest concession of 25 basis points on a home loan of more than Rs 75 lakh, based on their CIBIL score and if they are applying through YONO, the lender’s digital lending platform.
In an extension to its recently announced holiday offers, the bank is offering a credit score-based concession of up to 20 bps from 10 bps earlier, for a home loan of more than Rs 30 lakh to Rs 2 crore nationwide, according to a statement. .
The same concession would also be applicable to clients of mortgage loans for a loan amount of up to Rs 3 million in eight metropolitan cities. An additional 5 bp concession is granted for all mortgage loans if applied through YONO, he said.
The lender offers interest rates from 6.90 percent for a home loan up to Rs 30 lakh and 7 percent above Rs 30 lakh.
“With SBI’s lower interest on home loans, we believe this move will make it easier and easier for home buyers to plan for the home of their dreams. With the nation prepared for the post-COVID era, we are witnessing an increase in lawsuits. from clients and at SBI we will continue to offer lucrative benefits that are tailored to the needs and requirements of clients, “said managing director (retail and digital banking) CS Setty.
Last month, the bank launched a series of festive offers for its retail borrowers, including a 100 percent waiver on the processing fee for all clients applying for auto, gold and personal loans through YONO.
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