• Terms and Conditions
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Contact Us
News Zents
No Result
View All Result
  • Home
  • Business
  • Economy
  • Fintech
  • Finance
  • Insurance
  • Market
  • Startups
No Result
View All Result
  • Home
  • Business
  • Economy
  • Fintech
  • Finance
  • Insurance
  • Market
  • Startups
News Zents
No Result
View All Result
Home Finance

Sbi festive discount: SBI home loan book tops Rs 6 lakh cr mark; launches festival discounts

News Zents by News Zents
October 15, 2022
0


The nation’s largest lender State Bank on Wednesday said its home loan book has surpassed the Rs 6-lakh-crore-mark, making it the largest in the industry. To mark the occasion, the bank also announced a festive offer for home loan buyers, offering up to 25 bps discount on interest rate starting at 8.40 per cent and also the waiver of the processing fee till January 31, 2023. The lower interest will also be applicable to balance transfers.

The bank had crossed the Rs 5 lakh crore mark in January 2021, the bank said in a statement, adding it is the first lender to achieve the Rs 6 lakh crore milestone in the residential home category.

As a part of the festive offer, SBI will offer a concession of up to 0.25 per cent on home loans, 0.15 per cent on top-up loans, and 0.30 per cent on loans against property, the bank said, adding the offer also includes waiving off the processing fees up to January 31, 2023.

Commenting on the milestone, its chairman Dinesh Khara said SBI has over 28 lakh home loan customers.

Alok Kumar Choudhary, managing director-retail banking & operations, said the interest rate for new loan buyers and loan takeovers starts at 8.40 per cent and top-up loans begin at 8.80 per cent.

Tags: BookDiscountDiscountsFestivalfestiveHomelakhlaunchesloanMarkSBItops
Advertisement Banner
News Zents

News Zents

Next Post

Industry must show it can deliver returns to attract ILS capital: Lancashire CUO

Leave a Reply Cancel reply

Your email address will not be published.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

Next hearing to show new material

October 12, 2022

Ledger, Tezos and Chainalysis talk web3 security at TC Sessions: Crypto • TechCrunch

November 4, 2022

Amazon founder Jeff Bezos warns it’s time to ‘batten down the hatches’

October 19, 2022

Intel AI chip unit Habana Labs lays off dozens

October 11, 2022

How Britain’s pension scheme hedge became a trillion pound gamble By Reuters

October 15, 2022

Dividend Recognition is Going to Get Interesting • The Insurance Pro Blog

October 5, 2022

Recent News

Ron DeSantis and the War on Wokeness

January 28, 2023

Top U.S. Treasury official to warn UAE, Turkey over sanctions evasion By Reuters

January 28, 2023

Categories

  • Business
  • Economy
  • Finance
  • Fintech
  • Insurance
  • Market
  • Regulation
  • Startups
  • Uncategorized

This is an online news portal designed to provide the latest market news, world news, fintech, and more like that from around the world. We are committed to sharing only high-quality content from the world's best trusted sources.

  • Terms and Conditions
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Contact Us

© 2015 - 2022 Newszents - All contents Copyright Newszents. All rights reserved

No Result
View All Result
  • Home
  • Business
  • Economy
  • Finance
  • Fintech
  • Insurance
  • Market
  • Startups

© 2015 - 2022 Newszents - All contents Copyright Newszents. All rights reserved