SBI Regular Home Loan
As per the SBI website, the below rates are applicable for regular home loans including Flexipay, NRI, Non-Salaried, Privilege, Shaurya, Upon Ghar. SBI reduced its floor rate for this festive season by 15 basis points to 8.40% from the EBR of 8.55%.
CIBIL Score >= 800
Borrowers with a CIBIL score of 800 or above will now attract an interest rate of 8.40% during the festival. This is 15 basis points lower than the normal rate of 8.55%.
CIBIL Score 750 – 799
Borrowers with credit scores between 750 and 799 get a discount of 25 basis points, reducing their rate from 8.65% to 8.40%.
CIBIL Score 700 -749
On a CIBIL score of 700-749, a discount of 20 basis points is provided, reducing the interest rate from 8.75% to 8.55%.
According to SBI’s website, “Floor rate: 15 bps less than EBR (i.e. 8.40%), EBR at present – 8.55%. 5 bps concession available to women borrowers in concessional rates and salary for Privilege, Shaurya and Apon Ghar account holders. 5 bps concession available for Rs.10 bps premium for loans up to Rs.30 lakh for LTV >80% and
Credit score 650. below from
The interest rates on home loans remain unchanged for applicants with a credit score between 1 and 699. For borrowers with a credit score between 650 and 600, the interest rate is 8.85%; For those scoring between 550 and 649, it is 9.05%; And for those with NTC/NO CIBIL/-1 rating, it is 8.75%.
SBI Top Up Loan Rates
SBI Loan Against Property P-LAP
Waiver of Processing Fee:
No processing charges will be waived for Regular Home Loan and Top Up Loan. While the exemption for loan against property is flat Rs. 10,000/- plus applicable GST.
