Sbi Home Loan Rules

SBI Home Loan: To avail the home loan, customers need to have important documents such as income proof, property papers, account statements, identity cards, among others

SBI's home loans consist of low interest charges, zero processing charges and is a first-of-its kind credit score linked home loan

State Bank of India, the country's largest lender, on Monday reduced its interest rate on home loans up to Rs 75 lakh to 6.70% from 6.8%.

SBI will link its key pricing decision for savings bank deposits and short term loans to the repo rate of the Reserve Bank of India (RBI), with effect from May 1, 2019.

Ruling out any lowering of interest rates on the home loan front, he said "home loans are practically lowest priced, and so there is no scope for reduction there, but we are looking at other products like car loans (where rates may be cut)," he said.

SBI Home Loan: To avail the home loan, customers need to have important documents such as income proof, property papers, account statements, identity cards, among others

SBI's home loans consist of low interest charges, zero processing charges and is a first-of-its kind credit score linked home loan

State Bank of India, the country's largest lender, on Monday reduced its interest rate on home loans up to Rs 75 lakh to 6.70% from 6.8%.

SBI will link its key pricing decision for savings bank deposits and short term loans to the repo rate of the Reserve Bank of India (RBI), with effect from May 1, 2019.

Ruling out any lowering of interest rates on the home loan front, he said "home loans are practically lowest priced, and so there is no scope for reduction there, but we are looking at other products like car loans (where rates may be cut)," he said.