India’s largest bank SBI reduces the loan rate to 6.70%. The lenders now providing up to 70 bps rebate which is the best opportunity ever for people who wants to apply for the SBI loan to renovate their home or start construction. The offer is available only for a limited period. There are many peoples who frustrated due to the rejection of their loan applications and want to get Home loan Approval quickly. So, here is the complete information about this wonderful opportunity and you can check how to apply SBI Home loan.
Currently, as per the official confirmation, SBI Home Loan at 6.70% is available till 31 march 2021. Along with it, the lender will give 100% waiver on processing fees. But still, there is a twist in this rebate. According to the details, the concession on the loan amount will depend on CIBIL score of the applicant. SBI trying to give better-extended rates to customers who maintain good repayment history of transactions & loans.
SBI Home Loan at 6.70% Interest Rate
Regarding the Intrest rate offer the official statement by Saloni Narayan, DMD (Retail Business), SBI said, “Our customers have complete trust in us because of our total transparency. The reduced interest rates are one of the best interest rates in Home Loans anyone can wish for.” This loan interest will be applicable on the good CIBIL score and start from 6.70% for loans up to Rs 75 lakh and 6.75% for loans above Rs 75 lakh.
How to Apply SBI Home Loan?
Now let us allow to reveal how to apply for this home loan. If you want to apply for the loan then you need to follow these steps which are given below.
1. Open the State Bank of India’s official website.
2. Click on the loan tab.
3. Check your Eligibility through PAN CARD Number.
4. Fill up your personal detail to apply for the loan.
The loan application can be started from the Mobile app via the YONO app to get an additional interest concession of 5 bps. Besides this on the special event of International Women’s day, SBI set to offer a special additional 5 bps concession to the women borrower. Recently SBI crossed the milestone of Rs 5 lakh crore. On 31st December 2020 bank complete the target of Rs 35 lakh crore deposits. For further news, you can bookmark this website right now and enjoy the upcoming news articles of Businesspatrika.com