October 22, 2021
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SBI 2021 mortgage interest rate Processing fee CIBIL State Bank of India Mangalore

By on October 7, 2021 0

New Delhi: State Bank of India (SBI) clients in Mangalore can avail a home loan at nominal interest rate. They will also benefit from 100% exemption from loan processing fees. SBI offers its mortgage for the purchase of land or land, the construction of a house, the purchase of an apartment or a ready-to-use house, an additional loan and a repossession from another bank or real estate financing. Customers can avail Pradhan Mantri Awas Yojana benefits and interest rate based on their CIBIL scores.Also read – Good news for loan seekers as banks are offering record rates. Details here

SBI Home Loan is available at an interest rate of 6.70 percent per annum. Read also – The interest rate of the SBI mortgage has changed! Check the revised rates of State Bank of India home loans, EMI calculator

“SBI presents Home Loan Habba @ Mangalore on October 9 and 10, 2021 at the TMA PAI Convention Center. Excellent opportunity to reserve your dream home. Over 25 leading and reputable builders from Mangalore with over 40 participating projects, ”the State Bank of India tweeted. Hours are 11 a.m. to 7 p.m. on October 9 and 9:30 a.m. to 7:30 p.m. on October 10. Read also – SBI alert on mortgage loans: the bank announces a special concession for women borrowers | Details here

Last month, SBI launched home loans tied to the 6.70% credit rating, regardless of the amount. Before the festive offer, a borrower with a loan greater than Rs 75 lakh had to pay an interest rate of 7.15%. “The offer results in a saving of 45 basis points, which translates into a huge interest savings of over Rs 8 lakh, for a loan of Rs 75 lakh with a term of 30 years,” said the largest public sector lender, according to IAND.

In addition, the SBI has removed the distinction between a salaried borrower and a non-salaried borrower. Previously, the interest rate applicable for a self-employed borrower was 15 basis points higher than that for employees. “From now on, no interest premium linked to occupancy is charged to potential borrowers of mortgage loans. This would lead to a new interest saving of 15 basis points for non-employee borrowers, ”SBI said in a statement.


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