State Bank of India announces up to 30 bps concession on home loans rates

Mumbai: State Bank of India on Friday announced interest concession of up to 30 basis points on home loans and 100 percent waiver on processing fees.

The new rates are linked to CIBIL score and start from 6.80 percent for loans up to Rs 30 lakh and 6.95 percent for loans above Rs 30 lakh.

Women borrowers will get a concession of 5 bps, it said.

The bank said interest concession of up to 30 bps is also available in eight metro cities for loans up to Rs 5 crore.

Customers can also apply through YONO app and get additional interest concession of 5 bps, the release said.

The lender’s eligible existing home loan borrowers can also avail a paperless pre-approved top-up home loan through the YONO app.