Home Loan Reduces by SBI : Now Starting from 6.7%

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Good News for Home Buyers or who are already taken the home loan, as SBI have announced on Saturday to have reduced home loan interest rates, now it will start from 6.7% onwards, which will be valid from 1st May 2021 only.

SBI have currently announced different slabs wise rates as per press releases, who have upto 30 lacs will have 6.7% starting, above 30 lacs have 6.95% starting which is upto 75 lacs ceiling, where big ticket size home loans should be having 7.05% only.

Adding to that SBI have always different slabs reduction for women in which 5 bps reduction will be applicable for its female customer, “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.

Recently in last month, Company had increased its loan rates from 6.95%, which was came after its special offers which was valid till March 31, 2021 only.