State Bank of India continues to lead the Home Loan segment and has surpassed Rs. 6 Trillion in Assets Under Management. To celebrate this milestone and welcome the festivities, SBI has launched the Festive Bonanza for its home loan buyers. SBI crossed Rs. 5 Trillion mark in January 2021.
In a statement, SBI said it aims to make home loans affordable for all prospective buyers amidst the ongoing festive season. As a part of the Festive Bonanza, SBI will offer a concession of up to 0.25% on Home Loans, 0.15% on Top Up Loans, and 0.30% on Loan Against Property.
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SBI has further sweetened the deal by waiving off the processing fees on home loans up to 31st Jan 2023. The bank said that the above offers are specially curated keeping in mind the diverse needs of buyers across segments. SBI is consistently striving to make affordable housing conveniently accessible to customers who dream of owning a home.
“SBI being the leader in home finance, takes ownership to enable the housing dream of every Indian. We are extremely grateful to our customers, comprising more than 28+ lakh families, who have trusted us and chosen us to be their partner in the home-ownership journey. A series of process and digital initiatives undertaken over the past few years played a crucial role in our journey to the Rs. 6 Trillion mark. We are committed to being partners in Nation Building and are striving to realize the dream of our Hon’ble Prime Minister towards – Housing for All,” said Dinesh Khara, SBI Chairman.
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“Looking at strong interest for home loans across the country, we are happy to announce a concessional rate of interest and waiver in processing fees for a limited period,” said Alok Kumar Choudhary, Managing Director, Retail Banking & Operations.
SBI has launched a series of unique offerings across the home loan segment. The interest rate for buyers of New Home Loans as well as Takeovers starts at 8.40% and Top-up loans for furnishings/renovation/home makeover start at 8.80%.
