country’s largest lender state Bank on Wednesday said its home loan book has crossed the Rs 6 lakh crore mark, making it the largest in the industry. To mark the occasion, the bank also announced a festive offer for home loan buyers, including a discount of up to 25 bps on interest rate starting at 8.40 per cent and also waiver of processing fee till January 31, 2023. Is given. Lower interest will also be applicable on balance transfer.

The bank had crossed the Rs 5 lakh crore mark in January 2021, the bank said in a statement, making it the first lender to achieve the Rs 6 lakh crore milestone in the residential home category.

As part of the festive offer, State Bank Of India The bank said discounts of up to 0.25 per cent on home loans, 0.15 per cent on top-up loans and 0.30 per cent on loan against property will be given, which also includes waiving processing fees till January 31, the bank said. , 2023.

Commenting on the milestone, its Chairman Dinesh Khara SBI has over 28 lakh home loan customers.

Alok Kumar ChoudharyManaging Director-Retail Banking and Operations, said the interest rate for new loan buyers and loan acquirers starts from 8.40 per cent and top-up loans starts at 8.80 per cent.