Mumbai: State Bank of India on Friday announced an interest concession of up to 30 basis points on home loans and a 100 per cent waiver on processing fees.Also Read - ITR Filing: Now You Can File Your Returns For Free With SBI's YONO App | Follow Steps

The new home loan interest rates are linked to CIBIL score and start from 6.80 per cent for loans up to Rs 30 lakh and 6.95 per cent for loans above Rs 30 lakh, a bank release said. Also Read - SBI Clerk Mains 2020 Results Declared at | Find Direct Link Here

Women borrowers will get a concession of 5 bps, it said. Also Read - SBI SO Recruitment 2021: Application Begins for 489 Vacancies for Engineers, Managers | Details Here

“With an aim to offer attractive concessions to the home buyers, country's largest lender SBI announces further interest concession of up to 30 bps on home loans and 100 per cent waiver on processing fees,” the release 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 from the ease of their home via YONO App and get additional interest concession of 5 bps, the release said.

“We are pleased to improve our concessions to prospective home loan customers up to March 2021,” the bank’s managing director (retail and digital banking), C S Setty, said.

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