SBI Home Loan Festival BONANZA! No distinction between salaried and non-salaried borrowers - Things homebuyers MUST KNOW
SBI Festival Home Loan Interest Rate: The festive season has gotten just better for the home buyers as the State Bank of India (SBI) has launched a bouquet of festive offers for prospective home loan customers. The main objective of SBI behind these offers is to make home loans more affordable for the buyers in the festive season.
SBI Home Loans: 6.7 per cent interest
Earlier a borrower availing a loan greater than Rs. 75lakh, had to pay an interest rate of 7.15 per cent. However, with the introduction of festive offers from the largest public sector lender in the country, a borrower can now avail home loan for any amount at a rate as low as 6.70 per cent. Source: PTI
Save more than Rs 8 lakh with this offer
No distinction between salaried and non-salaried borrower
SBI has removed the distinction between salaried and non-salaried borrowers with the home loan offers this festive season. the rate of interest applicable for a non-salaried borrower was 15 bps higher than the interest rate applicable to a salaried borrower. SBI has removed this distinction between a salaried and a non-salaried borrower. Now, there is no occupation-linked interest premium being charged to prospective home loan borrowers. This would lead to a further interest saving of 15 bps to non-salaried borrowers. Source: Reuters