Business

SBI extends concessions on home loans

State Bank of India (SBI) announced concessions in home loan rates of up to 25 basis points (bps) for loans above ₹75 lakh based on CIBIL scores and if the loan application is made via its mobile application, YONO. Such a customer can now borrow at a rate of 7%.

SBI now offers CIBIL-based concession of up to 20 bps for loans above ₹75 lakh up to ₹2 crore, going up to ₹3 crore in 8 metros. An additional 5 bps concession is offered for loan applications made through YONO, SBI said in a statement. A CIBIL-based concession of up to 10 bps for loans above ₹30 lakh up to ₹75 lakh is also on offer.

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Printable version | Nov 28, 2020 1:34:33 PM | https://www.thehindu.com/business/sbi-extends-concessions-on-home-loans/article32911642.ece

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