SBI reduces Home Loan Interest Rates to 6.70%

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SBI reduces Home Loan Interest Rates to 6.70%

  • Home Loan Interest rates are now starting as low as 6.70% for loans up to Rs 30 lacs and 6.95% for loans above Rs 30 lacs to Rs 75 lacs. Home Loans above Rs 75 lacs get highly attractive interest rates of 7.05%
  • Women borrowers to get a special concession of 5 bps
  • To enhance customer experience through the YONO app, a 5 bps concession is being offered as a digital incentive to our home loan customers

Chennai :  The country’s largest lender,  State Bank of India (SBI) is now offering exclusive interest rates on Home Loans starting from 6.70% onwards.  SBI always believes in extending the enabling support for improving the affordability of prospective home loan customers.

C S Setty, MD (Retail & Digital Banking) said, “SBI, being the market leader in home finance, assumes the ownership in bolstering consumer sentiments in the home loan market. The affordability for the consumer increases immensely with the present home loan interest rate offerings which reduce the EMI amounts substantially. I am sure these measures will give a fillip to the real estate industry too”.

SBI Home loan interest rates are now very attractive, starting from 6.70% for loans up to Rs. 30 lacs and 6.95% for loans above Rs 30 lacs and up to 75 lakh. The big-ticket loans above Rs 75 lacs would get home loans at 7.05%.

As we are committed to empowering the women borrower, a special 5 bps concession is being made available to them. Customers can also apply for a loan from the ease of their home via the YONO App to earn an additional interest concession of 5 bps.