Saturday, April 10, 2021
  • About
  • Advertise
  • Careers
Scoftware Magazine
  • Home
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Entertainment
  • Login
No Result
View All Result
Scoftware Magazine
Home Business

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

Jaleel M. by Jaleel M.
March 1, 2021
in Business
0
SBI cuts home loan interest rates by 10 basis points to 6.7%; offers additional benefits till 31 March
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter


The bank said the home loan interest rates will start from 6.7 percent for loans up to Rs 75 lakh and 6.75 percent for loans in the range of Rs 75 lakh to Rs 5 crore

Related posts

Market Roundup: Nifty, Sensex snap three-day winning streak as banks, finance stocks slide; today’s top gainers and losers

Market Roundup: Nifty, Sensex snap three-day winning streak as banks, finance stocks slide; today’s top gainers and losers

April 9, 2021
Market Roundup: Sensex ends 84 pts higher after choppy day; check the top gainers and losers here

Market Roundup: Sensex ends 84 pts higher after choppy day; check the top gainers and losers here

April 8, 2021

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

Image courtesy: Indraprakashinfo/Wikimedia Commons

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 (bps) and is offering loans starting from 6.70 percent rate.

The new rates are based on the loan amount and CIBIL score of the borrower, and are available till 31 March, 2021, according to a statement.

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 in the range of Rs 75 lakh-Rs 5 crore.

The bank’s Deputy Managing Director (Retail Business) Saloni Narayan said, “We want to take advantage of the festive season, especially Holi. This being the last month of the year, we are looking at a good number.”

The lender is also giving a 100 percent waiver on processing fees.

Customers can also apply for home loans using the Yono app to get an additional interest concession of 5 bps, the bank said.

It is also offering a special 5 bps concession to woman borrowers on the eve of International Women’s Day.

Narayan said the bank does not see many challenges in terms of repayments in the home loan segment.

“We are mindful of whatever stresses are there and we are reaching out to the customers.

“We are taking several steps within and outside the bank and also giving options to borrowers on how they can repay the loans. We are monitoring closely and, as of now, I don’t see much of a challenge,” she said.

The lender’s gross non-performing assets in the home loan segment are 0.67-0.68 percent, its Chairman Dinesh Khara had said last month.

Subscribe to Moneycontrol Pro at ₹499 for the first year. Use code PRO499. Limited period offer. *T&C apply



Source link

Previous Post

Delhi HC adjourns case till April

Next Post

India manufacturing PMI falls marginally in February to 57.5 from 57.7 in January

Next Post
India manufacturing PMI falls marginally in February to 57.5 from 57.7 in January

India manufacturing PMI falls marginally in February to 57.5 from 57.7 in January

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Massive spying on Google Chrome users shows new security weakness

Massive spying on Google Chrome users shows new security weakness

10 months ago
Union Budget 2021: Govt should speedily release GST refund dues to allow locked-up capital flow into economy

Union Budget 2021: Govt should speedily release GST refund dues to allow locked-up capital flow into economy

2 months ago
England International Eric Dier Signs New Tottenham Deal

England International Eric Dier Signs New Tottenham Deal

9 months ago
AXS TV is the National TV Broadcaster of ‘SummerStage Jubilee’ Benefit Concert, Airing Thursday, Sept. 17 at 8 pm ET

AXS TV is the National TV Broadcaster of ‘SummerStage Jubilee’ Benefit Concert, Airing Thursday, Sept. 17 at 8 pm ET

7 months ago

FOLLOW US

  • 85 Followers
  • 29.5k Followers
  • 113k Subscribers

BROWSE BY CATEGORIES

  • Business
  • Culture
  • Entertainment
  • Lifestyle
  • Music
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Tech
  • Travel
  • World News

BROWSE BY TOPICS

2018 League Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan Istana Negara Market Stories National Exam Visit Bali

POPULAR NEWS

  • Kris Jenner Spills Details About Her Sex Life With Corey Gamble: Watch

    Kris Jenner Spills Details About Her Sex Life With Corey Gamble: Watch

    0 shares
    Share 0 Tweet 0
  • Common Saints Release New Single “Idol Eyes”

    0 shares
    Share 0 Tweet 0
  • Sam Heughan & Graham McTavish Are Men in Kilts for Travel Show

    0 shares
    Share 0 Tweet 0
  • KRISTIN LASH & JAKOB GREY Team Up On “Sleeping With The Lights On”

    0 shares
    Share 0 Tweet 0
  • SEVENTEEN REVEALS PROMOTION SCHEDULE FOR ; SEMICOLON

    0 shares
    Share 0 Tweet 0
  • About
  • Advertise
  • Careers

© 2020 Scoftware.com

No Result
View All Result
  • Home
  • Politics
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2020 Scoftware.com

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Terms and Conditions - Privacy Policy