It should be noted that the new home loan rates ranging from 8.40 to 9.05 percent are valid only for the holidays from October 4, 2022 to January 31, 2023. Actual standard home loan interest rates per cent. 8.5 and 9.0. SBI is offering cheap home loans this festive season based on your CIBIL score.
Borrowers with CIBIL score above 800 or equal to take advantage of festivals and holidays. 8.40 interest rate offered by SBI. State Bank of India (SBI), India’s largest lender, has announced a discount of 15 to 30 basis points on its home loans from October 4, 2022 to January 31, 2023.SBI is offering cheap home loans this festive season based on your CIBIL score.
SBI home loans usually have interest rates between 8.55% and 9.05%. Although the rates are low as a bank holiday promotional offer, they range from 8.40% to 9.05%. Regular and top-up home loans offered by SBI have no processing charges. However, your CIBIL score is important to get the best interest rate and EMIs.
As part of the holiday promotion, the bank is offering regular home loans such as NRI, Non-Salary, Privilege / Shaurya, Apun Ghar, Flexipay etc. with CIBIL score above 800 or 8.40 % interest rate. This is 15 basis points lower than the normal rate of 8.55%.
Additionally, borrowers with credit scores between 750 and 799 will receive a 25 basis point discount. The interest rate for such will be reduced from 8.65% to 8.40%. Additionally, a 20 basis point discount is provided for CIBIL scores between 700 and 749. This will reduce the interest rate from 8.55% to 8.75%.
Interest rates on home loans for borrowers with credit scores between 1 and 699 have not changed. For borrowers with credit scores between 650 and 600, the interest rate is 8.85%. It is 9.05 % for those with CIBIL scores between 550 and 649; And for those with NTC/ No CIBIL/ minus 1 score it is 8.75 %. Against the EBR of 8.55%, SBI has cut its floor interest rate by 15 basis points to 8.40% this holiday season.
Additionally, according to SBI, a 5 basis point discount for women borrowers on concessional rates and an additional 5 basis point discount for customers with salary accounts for Privilege, Shaurya and Apun Ghar will be available.
Also Read: Karnataka Dasara Holiday extend till October 29: what we know so far
Also Read: Airtel 5G Plus will Work on all Oppo 5G Smartphones
It should be noted that the new home loan rates ranging from 8.40 to 9.05 percent are valid only for the holidays from October 4, 2022 to January 31, 2023. Actual standard home loan interest rates per cent. 8.5 and 9.0 respectively.
Comments are closed.