SBI waives home loan processing fees

Mumbai: SBI has said it will waive

processing fee

on

home loans

. This is part of a limited period monsoon offer for August 2021, which will help borrowers save up to 0.4% of the loan amount that is normally charged as processing fee. The bank said that this is part of its efforts at reviving consumer sentiment by launching various offers. “We believe this offer of processing fee waiver will facilitate and encourage homebuyers to take decision with ease, as interest rate is at its historic low. There could not be a better time to buy a house, considering SBI home loan interest rates start at just 6.7%”, said SBI MD

C S Setty

.
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