State Bank of India discounts home loan rates :
State Bank of India has announced a discount of up to 0.30% on home loan rates and completely waiving processing fees while giving relief to customers.
A release issued by the bank said that the new interest rates on home loans are linked to the CIBIL score and start at 6.80 percent for loans up to Rs 30 lakh, while the interest rate for loans above Rs 30 lakh is 6.95 percent. Will start from
Women borrowers will get an additional rebate
The bank said that women borrowers will get an additional discount of 0.05 percent. According to the release, “For the purpose of offering attractive discounts to home buyers, the country’s largest lender SBI has announced a 30 bps (0.30 percent) discount on housing loans and 100 percent rebate on processing fees.”
You can apply through the Yono app
The bank said that up to 0.30 percent interest concession is also available in eight metros for loans up to Rs 5 crore. The release said that customers can easily apply from home through the YONO app and get an additional interest relief of 0.05 percent.
Discounts will be available till March 2021
The bank’s managing director (retail and digital banking) CS Setty said, “We are happy to extend the rebate to our prospective home loan customers by March 2021.”
Co-branded RuPay Debit Card introduced with IOC
State Bank of India (SBI) and Indian Oil Corporation (IOC) have jointly introduced a contactless co-brand RuPay Debit Card. The bank said in the statement that customers from all over the country can get this card by going to the local SBI branch. It is a contactless card and up to Rs 5,000 can be paid with ‘tap’.
Will make daily shopping easy
SBI Chairman Dinesh Kumar Khara said, ‘We believe that this co-branded card with’ tap and pay ‘technology will provide many attractive benefits and offerings. Cardholders will get a good experience of purchasing fuel from it. He said that through secure and convenient contactless payment, this card will also facilitate customers’ daily purchases.
Cardholders will get 0.75% loyalty points for purchasing fuel from Indian Oil’s petrol pumps through this card. There is no limit on the monthly purchase of fuel through the card.