SBI Home Loan Rate Cut: Fulfilling the dream of having your own house has become cheaper now. The country’s largest bank SBI has given a big gift to people thinking of buying a house and has cut the rate of home loan. According to a release issued by SBI, now the interest rates on home loans up to Rs 30 lakh will start from 6.7 percent. Earlier it was 6.95 percent. The cut in interest rates became effective from 1 May 2021.
Apart from this, SBI has given another good news to its customers. Due to the lockdown, SBI account holders were facing difficulty in KYC and due to this, there was a possibility of their account freezing till May 31, which has given relief to the bank. The bank has said that now these accounts will not freeze till May 31 and documents sent through registered e-mail or post for KYC updates will also be valid.
Important announcement for our customers in view of the lockdowns in place in various states. #KYCUpdation #KYC #StayStrongIndia #SBIAapkeSaath #StaySafe #StayStrong pic.twitter.com/oOGxPcZjeF
— State Bank of India (@TheOfficialSBI) May 1, 2021
Extra 0.05 per cent relief on YONO App
SBI has announced a cut in home loan interest rates from 1 May. According to the release issued by SBI, up to Rs 30 lakh interest on home loans will start at 6.70 percent. Apart from this, the rate of interest on home loans up to Rs 30-75 lakh will start from 6.95 percent and interest will be payable at a minimum rate of 7.05 percent for more than Rs 75 lakh. Women will get an additional 0.05 percent discount in interest and will also get 0.05 percent relief on taking home loan through YONO app.
Three major hospital chains in the country started vaccination of Phase III, priority to people waiting for second dose
SBI gives big relief for KYC update
Due to the corona, restriction is in many parts of the country. In such a situation, many account holders of SBI are not able to update the KYC of their account. Due to this, there was a possibility of partial freeze of CIF (Customer Information File) from 31 May, but today the bank has given a big relief. The bank said that accounts will not be freeze due to non-updating of KYC. Apart from this, KYC will be updated from the documents sent through post or registered email.
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