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India’s biggest bank, State Bank of India gave an exciting offer for its customers. If anyone is intending to take a house loan, there cannot be any better time. The bank has waived processing charges for home loans on March 31st, the last day of the 2017 – 2018 Financial Year.
In its official Twitter handle, it said, “Grab the keys to your dream home with attractive interest rates on SBI Home Loans. Processing fees waived until 31st March. Hurry! Don’t miss this opportunity. Visit home loans.sbi to apply”
For home loans less than Rs 30 lakhs, interest rates for salaried personnel annually are 8.4%. For women, the interest rate is 8.35%. The interest rates For a self-employed, or nonsalaried individual is 8.5%, and for women it is 8.45%. Industry experts felt that, SBI might have come with this latest move, to attract its customers. March 31st is the last day of the Fiscal Year.
At the same time, SBI also reinstated that, the passbooks, checkbooks of the 5 subsidiary banks and Bharat Mahila Bank that merged with SBI will only work until tomorrow. The customers of these banks need to apply for new passbooks and chequebooks by tomorrow.
