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Thursday, December 2, 2021

Buying a house became cheaper this Diwali; SBI gives 0.25% discount on home loan interest rate, understand here how much it will benefit

The bank has announced a discount of 20 points on the interest rates of high ticket size home loans and by applying through the YONO app, you will get a discount of 5 points on home loan interest rates.

In this festive season, if you are planning to buy a house, then State Bank of India (SBI) has brought a special offer for you. Under this offer, your bank will give customers up to 25 basis points discount on the interest rate of home loan. The bank has announced 20 points and discounts on the interest rates of high ticket size home loans. At the same time, by applying for a home loan through the YONO app, you will get 5 point discount on the interest rate of home loan of all sizes.

You will get more benefit on big loan

SBI has announced a rebate of 20 basis points on homelones of more than 75 lakh rupees under the festive season. However it will be based on your CIBIL score. That is, only those with high CIBIL score will be able to take advantage of it. At the same time, if you apply for a loan from the YONO app and it is approved, then it will get an additional rebate of 5 basis points. This will be 25 basis points on loans with a size of more than 75 lakhs.

10 basis point discount will be available on small loans

There will be a discount of 10 basis points on loans ranging from 30 lakh to 75 lakh rupees. At the same time, this exemption will be 15 basis points on applying from the YONO app. However, it will be based on your CIBIL score. If the home buyer is a woman, she will get an additional 5 point discount. SBI home loan interest rates start from 6.90 percent.

This Diwali cheap home buying opportunity! SBI gives big discount on home loan, check latest offer

SBI offer in festive season

Earlier, the bank launched the festive season offer. Under this, SBI has announced to waive 100% of the processing fees for home loans, cars, gold and personal loans. That is, if you are buying a house, then you do not have to pay any processing fees.

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