SBI real estate loan | SBI offers low-interest mortgage loans, with no application fees until March 31. Know the details
SBI offers low-interest home loans with no processing fees until March 31. Know the details
New Delhi: India’s largest bank, SBI, offers home loans at interest rates as low as 6.80% per annum.
In addition, SBI has completely waived processing fees until March 2021 for clients receiving mortgage loans in projects approved by SBI. The Bank said it was also working on topics such as targeted development of the mortgage lending business, fine-tuned analytics to drive growth, ease the mortgage loan journey for clients, and post-disbursement engagement with clients. home loan clients.
SBI offers a multitude of home loans to clients – regular home loan plans, SBI Privilege home loan for government employees, SBI Shaurya home loan for military and defense personnel, SBI MaxGain home loan, SBI Smart Home , top-up loan for clients, SBI NRI Home Loan, SBI FlexiPay Home Loan for the highest amount loan and SBI HerGhar Home Loan for women. New customers can get all the information on home loans by making a missed call to 7208933140, the bank said.
The lender said it has a 34% market share in the home loan segment. On average, the bank receives around 1000 mortgage clients per day.
PMAY loans
The State Bank of India has issued nearly two lakhs of mortgage loans under the PMAY until December 2020. SBI is also the only bank designated by the Ministry of Housing and Urban Development as the nodal central agency for processing of the Pradhan Mantri Awas Yojana (PMAY) grant.
In a statement, the public sector bank said today (February 10, 2021) that to support the government’s flagship program “Housing for All by 2022”, the SBI has continuously extended housing loans under of the PMAY and sanctioned 1,944,582 housing loans as of December 2020.
“SBI is also the only bank designated by MoHUA (Ministry of Housing and Urban Development) as the nodal central agency (CNA) for processing the Pradhan Mantri Awas Yojana (PMAY) grant. To support the government’s flagship program “Housing for all by 2022”, SBI has continued to extend real estate loans under the PMAY and sanctioned 1,945,582 real estate loans in December 2020 ”, indicated the Bank.