Home BusinessSBI is currently offering a concession on home loan processing fees. The waiver applies to all types of home loans and top-up loans, with a minimum waiver of Rs 2,000 and a maximum of Rs 5,000. Additionally, there is a 100% waiver on processing fees for takeovers, resales, and ready-to-move-in properties. This offer is valid until August 31, 2023.
Processing fees are a one-time charge paid to the bank when taking out a home loan. It covers the costs associated with processing the loan application. The amount of the processing fee varies depending on the bank and the type of loan.
If you are interested in taking out a home loan, I recommend contacting your local SBI branch to learn more about this offer. It is a great opportunity to save money on your home loan.
Important points to note about the SBI home loan concession include an additional 20 basis points concession for CIBIL scores of 700 and above for takeovers, resales, and ready-to-move-in properties. There is a 5 basis points reduction for projects with builder tie-ups, and an additional 10 basis points concession for Shaurya and Shaurya Flexi products. The campaign rates also include a 5 basis points discount for female borrowers and those with Privilege and Apon Ghar salary accounts.
Subscribe to our newsletter to stay updated on the latest news and updates.