SBI increases sops for home loans above Rs 75 lakh in festive push

Offers interest rates starting as low as 6.9 per cent for a home loan of up to Rs 30 lakh and 7 per cent for above Rs 30 lakh

Amid intense competition to a grab slice for retail credit during the festive season, banks are giving more sops to attract customers. The country’s largest lender, State Bank of India (SBI), has now announced another round of interest rate benefits.  

As a step to push retail credit in the festive season, SBI will give an interest concession of up to 25 basis points for home loans above Rs 75 lakh. The extent of concession is linked to credit score and application made through the lender’s digital lending app YONO.

SBI now offers interest rates starting as low as 6.90 per cent for