State Bank of India has announced a discount of up to 0.30% on home loan rates and completely waiving processing fees while giving relief to customers. A release issued by the bank said that the new interest rates on home loans are linked to the CIBIL score and start at 6.80 per cent for loans up to Rs 30 lakh, while the interest rate for loans above Rs 30 lakh is 6.95 per cent. Will start from
The bank said that women borrowers will get an additional discount of 0.05 per cent. According to the release, “For the purpose of offering attractive discounts to home buyers, the country’s largest lender SBI has announced a 30 bps (0.30 per cent) discount on housing loans and 100 per cent rebate on processing fees.”
The bank said that up to 0.30 per cent interest concession is also available in eight metros for loans up to Rs 5 crore. The release said that customers can easily apply from home through the YONO app and get an additional interest relief of 0.05 per cent. The bank’s managing director (retail and digital banking) CS Setty said, “We are happy to extend the rebate to our prospective home loan customers by March 2021.”
State Bank of India (SBI) and Indian Oil Corporation (IOC) have jointly introduced a contactless co-brand RuPay Debit Card. The bank said in the statement that customers from all over the country can get this card by going to the local SBI branch. It is a contactless card and up to Rs 5,000 can be paid with ‘tap’.
SBI Chairman Dinesh Kumar Khara said, ‘We believe that this co-branded card with’ tap and pay ‘technology will provide many attractive benefits and offerings. Cardholders will get a good experience on purchasing fuel from it. He said that through secure and convenient contactless payment, this card will also facilitate customers’ daily purchases.
Cardholders will get 0.75% loyalty points for purchasing fuel from Indian Oil’s petrol pumps through this card. There is no limit on monthly purchase of fuel through the card.