State Bank of India (SBI) said it had surpassed ₹6 lakh crore in Assets Under Management(AUM) in residential home loans and announced a ‘Festive Bonanza’ for its home loan buyers by offering a concession of up to 0.25% on home loans, 0.15% on top up loans, and 0.30% on loan against property.
The country’s largest public sector lender said home loans are offered starting 8.4%. Processing fee on home loans has been waived till January 31, 2023.
“A series of process and digital initiatives undertaken over the past few years played a crucial role in our journey to the ₹6 lakh-crore mark,” said Chairman Dinesh Khara.
