SBI Offering Home Loans at 6.8%; No Processing Fee Till March 2021
3 years, 10 months ago

SBI Offering Home Loans at 6.8%; No Processing Fee Till March 2021

News 18  

Story: The State Bank of India on Wednesday, February 10, decided to offer home loans at interest rates starting as low as 6.80 percent per annum to make housing affordable. For the customers availing home loans in SBI-approved projects, the bank has also completely waived the processing fee till March 2021. In the home loan segment, the largest lender of the country is commanding a market share of 34 percent and per day the bank onboards around 1,000 home loan customers on an average. Being the only bank designated by the Ministry of Housing and Urban Development as Central Nodal Agency for processing Pradhan Mantri Awas Yojana subsidy, till December 2020, the State Bank of India has sanctioned 1,94,582 home loans under PMAY.SBI in a statement on February 10 said that it has been continuously extending home loans under PMAY to support the Government?s flagship program of?Housing for all by 2022?.

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History of this topic

SBI loan disbursements in Telangana race past ₹10,000 cr. in current fiscal
1 week ago

SBI loan disbursements in Telangana race past ₹10,000 cr. in current fiscal

The Hindu  

State Bank of India home and home-related loan disbursements this fiscal in Telangana raced past the ₹10,000 crore mark in the eight months ended November, SBI Hyderabad Circle said on Monday. Besides home loan, SBI has a wide range of related products such as personal loan against property ; home loan top-up; Maxgain -Hybrid; and NRI home loan which are …

SBI hikes loan interest rates from today, EMIs for personal, auto loans to rise | Check details
5 months, 1 week ago

SBI hikes loan interest rates from today, EMIs for personal, auto loans to rise | Check details

India TV News  

SBI loan: Taking a loan from the State Bank of India, the country's largest public sector bank, has become more costly today. It's important to note that EMIs for personal and auto loans linked to the MCLR will rise, while home loans tied to the repo rate will remain unchanged. SBI's new interest rates SBI has increased the one-month MCLR …

SBI achieved 13% growth in gross advances, says chairman
1 year, 4 months ago

SBI achieved 13% growth in gross advances, says chairman

The Hindu  

State Bank of India Chairman Dinesh Kumar Khara has said that in the April - June quarter of the current financial year, the bank has achieved 13.9% growth in gross advances, and this year an overall growth of 12% is expected. Interacting with the media after inaugurating the expo, Mr. Dinesh said that the processing fee on loans to be …

SBI’s home loan interest rates change from today, benchmark lending rates up
1 year, 10 months ago

SBI’s home loan interest rates change from today, benchmark lending rates up

Live Mint  

Home loan interest rates at the State Bank of India have changed from Wednesday onward as the lender hiked lending rates of key benchmarks. Latest SBI home loan rates: Regular Home loan, Flexipay, NRI, Non-Salaried, Privilege, APON Ghar: Under the campaign offer, SBI is giving a concession of 30 bps to 40 bps to borrowers with a credit score from …

SBI’s personal banking advances cross ₹5 lakh-cr mark; stock nears 1-year high
2 years ago

SBI’s personal banking advances cross ₹5 lakh-cr mark; stock nears 1-year high

Live Mint  

Largest lender in India, SBI has touched a new milestone in personal banking advances by crossing the ₹5 trillion mark by end of November 2022. The first time SBI struck a ₹1 trillion mark in personal banking advances was in January 2015. In a matter of 12 months, SBI has managed to clock ₹5 trillion mark in personal banking advances. …

SBI Raises Minimum Home Loan Rate To 7.55%; Know Latest Lending, Deposit Rates
2 years, 6 months ago

SBI Raises Minimum Home Loan Rate To 7.55%; Know Latest Lending, Deposit Rates

News 18  

With India’s largest lender State Bank of India hiking its marginal cost of funds-based lending rate effective June 15, the minimum home loan interest rate has also been revised upwards. Here’s the latest home loan rates of SBI: The lowest interest rate on home loans that SBI is now offering to borrowers is 7.55 per cent per annum. SBI has …

Home Loan: HDFC, SBI, Kotak, Union Bank; Know Who Offers Cheapest Interest Rate
2 years, 6 months ago

Home Loan: HDFC, SBI, Kotak, Union Bank; Know Who Offers Cheapest Interest Rate

News 18  

As the real estate market in India is witnessing an uptick in the activity which is being reflected in the housing sales and registration of properties, home loans are what homebuyers look at for finances while buying a new residential unit. Here’re the interest rates offered by various lenders, including HDFC, State Bank of India, Union Bank of India and …

SBI Home Loan, Personal Loan, Car Loan: Know the Latest Offers Ahead of Festive Season
3 years, 2 months ago

SBI Home Loan, Personal Loan, Car Loan: Know the Latest Offers Ahead of Festive Season

News 18  

On the back of the upcoming festival season, the State Bank of India had taken to Twitter to announce a whole slew of new benefits that it was rolling out. On a related note, the bank had also issued a tweet earlier that talked about the home loan benefits that it would be offering this festive season. The notification which …

SBI Cuts Home Loan Interest Rate to 6.7% for Any Amount, Zero Processing Fee. Know More
3 years, 3 months ago

SBI Cuts Home Loan Interest Rate to 6.7% for Any Amount, Zero Processing Fee. Know More

News 18  

State Bank of India on Thursday has reduced the home loan interest rates to 6.7 per cent for any loan amount. Explaining how this first-of-its-kind initiative will benefit the home buyers, SBI said that a buyer needs to pay an interest of 7.15 per cent for availing a home loan of Rs 75 lakh. On how it will benefit the …

Hurry! SBI offer of 100% waiver on home loan processing fee ends tomorrow
3 years, 3 months ago

Hurry! SBI offer of 100% waiver on home loan processing fee ends tomorrow

Live Mint  

Last month, the country's largest lender State Bank of India announced waiving processing fees on home loans till August-end. SBI said it is the bank's limited period 'Monsoon Dhamaka Offer', through which a home loan customer can gain substantially. SBI home loan: Concession through Yono App There will be a concession of 5 bps for home loans applied through the …

SBI offers higher rate on term deposits, waiver of processing fee
3 years, 4 months ago

SBI offers higher rate on term deposits, waiver of processing fee

India TV News  

As the country is celebrating Azadi Ka Amrit Mahotsav – an initiative to commemorate 75 years of Indian independence – the countrys largest bank State Bank of India had also geared up to provide an array of offerings on its retail loans and deposits to its customers. After announcing processing fee waiver on Home loans, the Bank has now announced …

Stress in home loans won’t deter SBI, says Khara
3 years, 4 months ago

Stress in home loans won’t deter SBI, says Khara

Live Mint  

Despite rising delinquencies in home loans, State Bank of India has no plans to rethink its strategy of aggressively growing this portfolio, given the significant potential of home finance, chairman Dinesh Khara said. Even as SBI’s market share in home loans during the quarter rose by 24 basis points sequentially, bad loans rose by 59 bps. We have mastered how …

SBI waives processing fee on home loans till August-end
3 years, 4 months ago

SBI waives processing fee on home loans till August-end

India TV News  

The country's largest lender State Bank of India on Saturday announced waiving processing fee on home loans till August-end. SBI said it is the bank's limited period 'Monsoon Dhamaka Offer', through which a home loan customer can gain substantially. "There could not be a better time to buy a house, considering SBI home loan interest rates start at just 6.70 …

SBI cuts home loan interest rate to 6.70%
3 years, 7 months ago

SBI cuts home loan interest rate to 6.70%

India TV News  

State Bank of India on Saturday said it has reduced home loan interest rate to 6.70 per cent. The lender said home loan interest rates are now starting from 6.70 per cent for loans up to Rs 30 lakh and 6.95 per cent for loans above Rs 30 lakh to Rs 75 lakh. "The affordability for the consumer increases immensely …

SBI Reduces Home Loan Interest Rates. Check the Latest Rates
3 years, 7 months ago

SBI Reduces Home Loan Interest Rates. Check the Latest Rates

News 18  

State Bank of India on Saturday announced that it has slashed its home loan interest rates. Those who apply for home loans above Rs 75 lakh, will get a interest rate of 7.05%, the bank mentioned. Further, women borrower are eligible for a special concession of 5 bps on home loan interest rates. The affordability for the consumer increases immensely …

SBI cuts home loan interest rates by 10 basis points to 6.7%; offers additional benefits till 31 March
3 years, 9 months ago

SBI cuts home loan interest rates by 10 basis points to 6.7%; offers additional benefits till 31 March

Firstpost  

Mumbai: The country’s largest lender State Bank of India on Monday said it has reduced interest rates on home loans by up to 10 basis points and is offering loans starting from 6.70 percent rate. The bank said the home loan interest rates will start from 6.70 percent for loans up to Rs 75 lakh and 6.75 percent for loans …

How to apply for SBI home loans: Step-by-step guide
3 years, 9 months ago

How to apply for SBI home loans: Step-by-step guide

India Today  

State Bank Of India home loan rates are linked to CIBIL score. SBI home loan rates start from 6.70% for loans up to Rs.75 lakhs and 6.75% for loans above Rs.75 lakhs. How to apply for SBI home loans: Step 1: Visit the official website at https://onlineapply.sbi.co.in/personal-banking/home-loan Step 2: Now, fill eligibility form by mentioning personal and professional details including …

SBI Home Loan Interest Rate: State Bank of India Offers Up To 30 Basis Points Concession
3 years, 11 months ago

SBI Home Loan Interest Rate: State Bank of India Offers Up To 30 Basis Points Concession

News 18  

The State Bank of India on Friday announced that it will offer interest concession of up to 30 basis points on home loan interest rates, and a 100 per cent waiver of processing fees. SBI said its interest rate on home loans start from 6.80 percent for loans upto Rs 30 lakh and 6.95 percent for loans above Rs 30 …

Home loan EMIs set to reduce as SBI cuts rates - Key details
3 years, 11 months ago

Home loan EMIs set to reduce as SBI cuts rates - Key details

India TV News  

With an aim to offer attractive concessions to the home buyers, country’s largest lender, State Bank of India has announced further interest concession of upto 30 bps on home loans and 100% waiver on processing fees. SBI Home loan interest rates are linked to CIBIL score and start from 6.80% for loans upto Rs. “We are pleased to improve our …

SBI to boost retail book, sees better earnings
4 years ago

SBI to boost retail book, sees better earnings

Live Mint  

State Bank of India will accelerate retail loans and expects most lenders to post stronger-than-anticipated earnings as the economy revives faster than expected, according to chairman Dinesh Khara. “That’s why we are expected to see much better results than at the beginning of the pandemic.” SBI’s bad loan ratio fell to 5.28% at the end of September from 5.44% three …

SBI announces upto 0.25 % concession on home loan rates
4 years, 2 months ago

SBI announces upto 0.25 % concession on home loan rates

Deccan Chronicle  

Mumbai : The country’s largest lender State Bank of India on Wednesday announced up to 25 basis points concession on home loan rates as part of its festival offers. SBI home loan customers would get an interest concession of 25 bps for buying their dream homes of above Rs 75 lakh based on CIBIL score and through YONO app. SBI …

Festive Interest Rate: SBI Offers Up To 25 Bps Concession On Home Loan Rates; Check Details Here
4 years, 2 months ago

Festive Interest Rate: SBI Offers Up To 25 Bps Concession On Home Loan Rates; Check Details Here

ABP News  

SBI home loan customers would get an interest concession of 25 bps for buying their homes of above ₹75 lakh based on Cibil score and through Yono, as per the business daily Mint. The concession in rates has been announced after RBI Monetary Policy announcement Additional 5 bps concession for all home loans if applied through YONO SBI is already …

SBI announces up to 25 bps concession on home loan rates
4 years, 2 months ago

SBI announces up to 25 bps concession on home loan rates

Live Mint  

State Bank of India has announced concession in home loan rates by as high as 25 bps. With this, SBI home loan customers would get an interest concession of 25 bps for buying their dream homes of above ₹75 lakh based on CIBIL score and through Yono. In an extension of its festive offers announced recently, SBI offers a credit …

SBI loan rates: Check here auto loan and home loan offers, interest rate concession
4 years, 2 months ago

SBI loan rates: Check here auto loan and home loan offers, interest rate concession

India Today  

SBI has announced special festive offers on home loans for home buyers. SBI has reduced its interest rates on car and personal loans to 7.5 percent. Apart from this, if an SBI customer applies for the Home Loan via YONO SBI App, there is an additional 5 bps relaxation in the SBI Home Loan rate being announced by SBI. SBI …

SBI needs moratorium cloud to lift if it has to lend without restraint
4 years, 4 months ago

SBI needs moratorium cloud to lift if it has to lend without restraint

Live Mint  

India’s largest lender is willing to take risks and lend amid a raging pandemic, even though the rest of the financial year looks like a washout for the economy. “A bank’s job is to take risks, and this is the best time to take risks,” State Bank of India chairman Rajnish Kumar said in a virtual press meet while announcing …

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