SBI cuts home loan rates, non-salaried to benefit too

© Provided by The Times of India

Mumbai: State Bank of India (SBI) has cut interest rates on home loans above Rs 75 lakh by 45 basis points (100bps = 1 percentage point) and has also reduced interest rates for non-salaried borrowers as part of its festive offer. The bank has said that it will offer credit score-linked home loans at just 6.7%, irrespective of the loan amount.

Earlier, the best rate for borrowers availing a loan greater than Rs 75 lakh was 7.15% with a discount of 5bps for loans with a woman borrower. With the introduction of the festive offers, a borrower can now avail home loan for any amount at a rate as low as 6.7%. The offer results in a saving of 45bps. This translates into an interest saving of more than Rs 8 lakh for a Rs 75-lakh loan with a 30-year tenure.

Before this offer, the bank’s interest rates for loans with at least one woman borrower were 6.75% for loans up to Rs 30 lakh and 7% for loans up to Rs 75 lakh.

The bank has also done away with the interest rate differential between salaried and non-salaried borrowers if they have the same credit score. Earlier, non-salaried borrowers paid 15bps higher than the interest rate applicable to a salaried borrower. As part of the festive offer, the bank has done away with processing fees. SBI MD (retail & digital banking) C S Setty said, “The 6.7% home loan offer is also applicable to balance transfer cases. We believe zero-processing fees and concessional interest rates in the festive season will make home-ownership more affordable.”

Last week, Kotak Mahindra Bank had said that it would offer home loans at 6.5% up to November 8 to borrowers with high credit scores. The private bank said that it would offer these rates on balance transfers as well.

Internet Explorer Channel Network
News Related


Janhvi Kapoor shines bright like a diamond in embellished mini dress. See pics

Janhvi Kapoor is slaying in her latest post and you have to check it out to believe it. She opted for a rose-gold mini dress for an appearance on Ranveer ... Read more »

Progressive setbacks pile up even as deals appear closer: The Note

The TAKE with Rick Klein For a party that looks to be a good measure closer to passing a historic package of programs, there’s an awful lot of talk about ... Read more »

AP PGECET 2021: Results declared at; check direct link, other details here

© Provided by Firstpost AP PGECET 2021: Results declared at; check direct link, other details here The Andhra Pradesh State Council of Higher Education (APSCHE) has declared the results ... Read more »

Madhya Pradesh: IAF Mirage 2000 Aircraft Crashes in Bhind, Pilot Ejects Safely

© Provided by News18 Madhya Pradesh: IAF Mirage 2000 Aircraft Crashes in Bhind, Pilot Ejects Safely An IAF Mirage 2000 aircraft crashed into a field in Bhind district of Madhya ... Read more »

Activist dad of school shooting victim joins anti-gun group

WASHINGTON (AP) — The father of a 14-year-old girl killed in the 2018 Florida high school shooting massacre announced Thursday that he’s joining the top ranks of a progressive anti-gun ... Read more »

Merrick Garland testifies in House with US Capitol riots, abortion, vaccine and voting-rights fights ongoing

Attorney General Merrick Garland will appear before the House Judiciary Committee Thursday for a what should be a contentious hearing before a panel known for drama. © Kevin Dietsch/Getty Images ... Read more »

It's not just mums: Peter Andre confesses he suffers from 'dad guilt'

Peter and wife Emily on a rare night out (Reuters) Everyone is familiar with 'Mum-Guilt'. But for singer Peter Andre, Dad-Guilt is a thing, too. The father of four, 48, ... Read more »

Hochul gets early boost as NY gubernatorial race takes shape

© Clara Longo de Freitas/Getty Images Photo illustration of Kathy Hochul on a back and white background with a green New York state cutout outlined in red with the names ... Read more »

Aerial Footage Shows Extent of La Palma Lava Flow, a Month Into Eruptions

Drone footage from Wednesday, October 20, shows the extent of the lava flow from La Palma’s Cumbre Vieja volcano, a month after eruptions began. The most powerful earthquake since the ... Read more »

Japan volcano Mount Aso erupts spewing ash and smoke miles into the sky

Japan’s volcanic Mount Aso has started erupting, throwing up plumes of smoke and blasting ash kilometres into the sky. No immediate injuries, casualties or damage have been reported so far ... Read more »

The 8 best Christmas table centrepieces for 2021: From Selfridges to Villeroy & Boch

NOTHING beats a good centerpiece to make your Christmas dinner looks as amazing as it will taste. Let's be real: decorating for the Christmas dinner is a serious business. A ... Read more »

Teen, 14, finds ‘100-year-old' love letter hidden under the floor – that he only found after accidentally smashing tiles

A TEENAGER discovered a secret love letter after 100 years – after accidently smashing some tiles. Loukas Cornes, 14, found the letter written by a man called Ronald to his ... Read more »

Squid Game Halloween Costume: Where to buy the most sought after costume for 2021

SQUID GAME is the Netflix hit that's taken over our screens this year. The Korean drama featuring kids games with a life or death twist has been a huge hit, ... Read more »

Why Meghan Markle just contacted the US government with a very personal request

Watch: Meghan Markle supports paid leave Meghan Markle is well known for speaking up on the issues that matter to her, from mental health to racism to climate change. Now, ... Read more »

Build your own Christmas cottage out of Cadbury

Let the Christmas fun begin. (Cadbury Gifts Direct) Yahoo Life's editors are committed to independently selecting wonderful products at great prices for you. We may receive a share from purchases ... Read more »

Global stocks fall as worries over an Evergrande collapse resurface, while bitcoin loses grip of its all-time high

© AP Photo/Richard Drew AP Photo/Richard Drew Global stocks fell Thursday on revived jitters about Evergrande after a $2.6 billion stake sale fell through. The Chinese property giant’s Hong Kong ... Read more »

4,806 new COVID-19 infections reported; active cases at 65K

ICTSI to ramp up COVID-19 vaccinations at Nayong Pilipino, but flags no-shows The Department of Health on Thursday announced 4,806 new COVID-19 cases, pushing the total number of infections in ... Read more »

Season on the rink

New York Post photo illustration As sports were shutting down amid the pandemic, LIU was daring to start a Division I hockey program. How the nation’s youngest coach and a ... Read more »

Clarify if IPS officer Rashmi Shukla is to be named as accused in phone tapping case: HC to Mumbai Police

The Bombay High Court on Thursday directed the city police to clarify if they intend to name senior IPS officer Rashmi Shukla as an accused in a case of illegal ... Read more »

Extrapolations: White Tiger actor Adarsh Gourav to star in climate change drama series alongside Meryl Streep and Kit Harington

Indian actor Adarsh Gourav has been cast in the Apple TV+ climate change drama series Extrapolations, alongside Meryl Streep, Kit Harington, and Gemma Chan. Produced, and written by Scott Z ... Read more »

Dementia-friendly calendar created by woman with Alzheimer's ‘a great legacy'

A dementia-friendly calendar created by a woman with Alzheimer’s is a “great legacy” for her, according to her widower. The Memory Calendar, which is a personalisable, page-a-day calendar first imagined ... Read more »

Adult population in 9 states, UTs received first dose of COVID-19 vaccine

Over 75% of India’s adult population has received at least one dose of COVID-19 vaccine, with nine states and UTs administering the first dose to all its 18-plus population. More ... Read more »

A diamond and two golden hearts: How the Jubilee once saved Tata Steel from bankruptcy

New Delhi: It is not uncommon for promoters of a company to pledge their shares in order to raise funds during stressful circumstances. But have you heard of a chairman’s ... Read more »

Reluctant men: reaching South Africa's most hesitant groups with the Covid-19 vaccine

(AFP via Getty Images) A car carrying Jacob Mamabolo pulls into a popular truck stop parking lot. Mamabolo is wearing a bright yellow, reflective safety jacket and blue surgical mask ... Read more »

Firefighters on La Palma Assess Miles-Wide Lava Flow 'Overtaking' Neighborhood

The Cumbre Vieja volcano on the Spanish island of La Palma, which began erupting on September 19, was still spewing lava more than one month after its first eruption. Video ... Read more »

California, Hoopa Valley Tribe try to save salmon and a way of life

1 / 5California, Hoopa Valley Tribe try to save salmon and a way of life By Stephanie Keith HOOPA, Calif. (Reuters) – California Department of Fish and Wildlife officials are ... Read more »

House sales jump by two-thirds as stamp duty deadline looms

© Yui Mok House sales surged by more than two-thirds in September as buyers rushed to make stamp duty savings (Yui Mok/PA) House sales surged by more than two-thirds in ... Read more »

PN sedia hadapi pertembungan tiga penjuru di Melaka

© Provided by Sinar Harian MELAKA – Perikatan Nasional (PN) bersedia untuk berhadapan dengan pertembungan tiga penjuru pada Pilihan Raya Negeri (PRN) Melaka sekiranya Barisan Nasional (BN) masih tidak memberikan ... Read more »

Libya conference aims to boost support for landmark election

© Provided by Al Jazeera Libyan Foreign Minister Najla al-Mangoush says the conference aims to ‘gather necessary support’ for the December election [File: Khaled Elfiqi/EPA/EFE] Libya’s fragile unity government is ... Read more »

Who is Ananya Panday, being summoned by NCB?

Ananya Panday has been summoned by the NCB. Ananya Panday has been summoned by the Narcotics Control Bureau (NCB) for questioning in connection with the drugs case on the basis ... Read more »

250,000 witnessed Pitbull exceptional concert in Riyadh Season 2021 opening

Saudi Gazette report RIYADH — The opening ceremony of Riyadh Season 2021 witnessed a global presence through the opening parade, which was accompanied by a concert by the international rapper ... Read more »

Black boys are being let down by youth offending services, inspectors find

Black and mixed heritage boys are being failed by the youth offending services and partner agencies, inspectors have found. © PA Stop and search was found to be particularly common ... Read more »

How Vidyut Jammwal put together 'Sanak: Hope Under Siege' on his own

© IANS Vidyut Jammwal. Mumbai, Oct 21 (IANS) Vidyut Jammwal is undoubtedly one of the biggest action stars in Bollywood. His stunts, grit and the constant pursuit for excellence in ... Read more »

Bannon eyed as key link between White House, Jan. 6 riot

The Jan. 6 committee’s vote to refer former Trump strategist Steve Bannon for criminal charges is putting a spotlight on the central role he may have played in organizing the ... Read more »

The authentically Black legacy of 'Insecure': ‘I can't believe it's over'

The fans of the hit HBO show prepare for one last season of mirror-rapping, eye-catching fashion, and some closure. Read more »

Swanand Kirkire: 13-minute film 'Maratha Mandir Cinema' an ode to 'DDLJ'

© IANS Swanand Kirkire: 13-minute film ‘Maratha Mandir Cinema’ an ode to ‘DDLJ’. Mumbai, Oct 21 (IANS) Veteran theatre artiste, lyricist, singer, actor and writer Swanand Kirkire has opened up ... Read more »

Hacker entwenden vom Bund Liste mit Corona-Anträgen

© KEYSTONE/MARCEL BIERI Hackern ist es gelungen, eine Liste mit Namen von bis zu 130’000 Unternehmen zu entwenden, welche über die Bundesplattform Easygov im Jahr 2020 einen Covid-19-Kredit beantragt hatten. ... Read more »

Seoul files complaint against unionists who rallied in 'Squid Game' costume

By Sangmi Cha © Reuters/YONHAP NEWS AGENCY Workers from the Korean Confederation of Trade Unions wearing Netflix series ‘Squid Game’ costumes attend a protest to demand better job conditions, in ... Read more »

In Lobbyaffäre in Deutschland verwickelt: Augustus-Intelligence-Gründer (†34) stirbt bei Heli-Absturz

Ein Helikopter mit drei Personen an Bord ist am Wochenende in Deutschland abgestürzt. Alle Insassen kamen dabei ums Leben. Unter den Toten: der Augustus-Intelligence-Gründer Wolfgang Haupt. © Bereitgestellt von Blick ... Read more »

CCTV image released after woman is sexually assaulted at Waddon railway station

Police have released an image of a man after a woman was sexually assaulted at a south London railway station. © British Transport Police waddon-1.png The woman was standing outside ... Read more »
On you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic