Index Investing News
Sunday, May 25, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

SBI Festive Offer: Discounts on home loans to end soon; rates as low as 8.40%

by Index Investing News
December 4, 2022
in Financial
Reading Time: 3 mins read
A A
0
Home Financial
Share on FacebookShare on Twitter


The festive season home loan offer from State Bank of India (SBI) will expire in less than two months. The festive offer which started on October 4 is set to end on January 31, 2023. SBI is offering discounts in the range of 15 to 30 basis points as part of this offer.

The interest rates on home loans are as low as 8.40 per cent. Additionally, the bank has waived processing fees for both regular and top-up home loans. Notably, the rates for SBI’s home loans vary from borrower to borrower depending on their CIBIL score.

Three types of loans are being offered by SBI. Check it out:

Regular Home Loans

According to SBI’s website, the lender is offering a 15 basis point discount to borrowers with credit scores greater or equal to 800 to 8.40 per cent under the festive offer, compared to the general rate of 8.55 per cent. While the interest rate is 8.40 per cent as opposed to 8.65 per cent, the bank is offering a 25 basis point discount on credit scores between 750 and 799. For CIBIL scores between 700 and 749, a 20 basis point discount is offered, lowering the interest rate on home loans from 8.75 per cent to 8.55 per cent.

The floor rate, or 8.40 per cent, is 15 basis points less than the EBR. EBR is currently 8.55 per cent.

For borrowers with credit scores below 700, the interest rate on home loans remains the same. The rate is still 8.85 per cent for CIBIL scores between 650 and 699, 9.05 per cent for CIBIL scores between 550 and 649, and 8.75 per cent for NTC/NO CIBIL/-1.

According to SBI, the discounted rates include a 5 bps discount for female borrowers and a 5 bps discount for those who have salary accounts for Privilege, Shaurya, and Apon Ghar. Additionally, the previously charged premium of 10 bps for loans up to 30 lacs with LTV > 80 per cent & = 90 per cent will continue.

Top-Up Home Loans

SBI is offering a 15 basis point discount on credit scores between 700 and 800.

SBI’s rate is 8.80 per cent on credit scores greater than or equal to 800, down from the standard 8.95 per cent, while rates are 8.90 per cent on scores between 750 and 799 and 9 per cent on scores between 700 and 749.

The rates remain at 9.25 per cent for those with a CIBIL score of 650 to 699, 9.55 per cent for those with a score of 550 to 649, and 9.15 per cent for those with a score of NTC/NO CIBIL/-1.

Loans Against Property

The bank offers the highest concession on home loans against property on certain credit scores, at 30 basis points. Borrowers with credit scores above or equal to 800 will pay an interest rate of 10 per cent instead of the standard 10.30 per cent, while those with scores between 750 and 799 will pay a rate of 10.10 per cent instead of the standard 10.40 per cent, and those with scores between 700 and 749 will pay a rate of 10.20 per cent instead of the standard 10.50 per cent.

The other rates remain the same as they were above. The bank continues to charge a rate of 10.60 per cent for scores between 650 and 699, 10.70 per cent for scores between 550 and 649, and 10.505 for NTC/NO CIBIL/-1.

Additionally, SBI stated that no other concessions would be valid during the campaign.

Regarding processing fees, SBI has waived all fees for both regular and top-up home loans during the holiday campaign. SBI, however, has imposed a flat processing fee of Rs 10,000 plus any applicable GST for home loans secured by real estate.



Source link

Tags: discountsfestivehomeLoansOfferratesSBI
ShareTweetShareShare
Previous Post

Wall Street hunts for recession plays to weather potential 2023 turbulence By Reuters

Next Post

Arsenal receive Tomiyasu injury update

Related Posts

What To Do with a Wage Bump: Make investments, Save, or Spend?

What To Do with a Wage Bump: Make investments, Save, or Spend?

by Index Investing News
May 25, 2025
0

In the event you’ve just lately obtained a wage bump, congratulations! An rising wage is likely one of the keys...

Bangladesh courtroom begins first trial of Hasina-era officers

Bangladesh courtroom begins first trial of Hasina-era officers

by Index Investing News
May 25, 2025
0

Bangladesh started the primary trial on Sunday at a particular courtroom prosecuting former senior figures linked to the ousted authorities...

Junk bonds: CCC vs B unfold provides a warning signal for debt

Junk bonds: CCC vs B unfold provides a warning signal for debt

by Index Investing News
May 25, 2025
0

© 2025 Fortune Media IP Restricted. All Rights Reserved. Use of this web site constitutes acceptance of our Phrases of...

COVID-19 Information: Most instances in TN, Kerala, Karnataka, Maharashtra delicate, underneath house care, say sources

COVID-19 Information: Most instances in TN, Kerala, Karnataka, Maharashtra delicate, underneath house care, say sources

by Index Investing News
May 25, 2025
0

After the detection of COVID-19 instances in few southern and western states, the Union Well being Secretary was realized to...

Over 80% of corporations beat EPS estimates this week: Earnings Scorecard

Over 80% of corporations beat EPS estimates this week: Earnings Scorecard

by Index Investing News
May 25, 2025
0

Might 24, 2025 1:45 PM ETCOST, TGT, XLP, HD, HPQ, NVDA, CRM, AZO, LOW, MDT, ULTA, XLRE, DELL, XLCBy: Deepa...

Next Post
Arsenal receive Tomiyasu injury update

Arsenal receive Tomiyasu injury update

Wall Street analysts say buy stocks like CrowdStrike & Analog Devices

Wall Street analysts say buy stocks like CrowdStrike & Analog Devices

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

China Received’t Hesitate to Struggle for Taiwan, Protection Minister Warns

China Received’t Hesitate to Struggle for Taiwan, Protection Minister Warns

June 12, 2022
Bank boards must hold mgmts accountable for their actions

Bank boards must hold mgmts accountable for their actions

June 5, 2023
A Rivington Street Tenant’s Secret Would Change His Neighbors’ Lives

A Rivington Street Tenant’s Secret Would Change His Neighbors’ Lives

February 1, 2024
Full Trailer for ‘Say Nothing’ Collection Set Throughout Eire’s The Troubles

Full Trailer for ‘Say Nothing’ Collection Set Throughout Eire’s The Troubles

October 25, 2024
Russia-Ukraine warfare: artillery fireplace making civilian evacuation from Sievierodonetsk plant ‘inconceivable’, says governor – reside | World information

Russia-Ukraine warfare: artillery fireplace making civilian evacuation from Sievierodonetsk plant ‘inconceivable’, says governor – reside | World information

June 16, 2022
2023 NBA field goal percentage leaders

2023 NBA field goal percentage leaders

November 20, 2023
Normal Chartered’s Geoff Kendrick Forecasts 0K Bitcoin Goal Amid Brutal Promote-Off

Normal Chartered’s Geoff Kendrick Forecasts $500K Bitcoin Goal Amid Brutal Promote-Off

February 28, 2025
In Reversal, Guatemala Cabinets Anti-Abortion Legislation

In Reversal, Guatemala Cabinets Anti-Abortion Legislation

March 16, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In