SBI announced, now this charge will not be applicable while taking loan, 100% discount
New Delhi. SBI : SBI has given a big gift for its customers. SBI has canceled various charges levied while taking a home loan. Now customers will not have to pay extra charges. State Bank of India has announced a waiver of 50 to 100% on processing fees on home loans. This offer is valid from 1st August 2022 to 30th September 2022. Advocate and Valuer Fee – There is no change in the actual expenditure.
State Bank of India has announced a waiver of 50 to 100% on processing fees on home loans. This offer is valid from August 1, 2022 to September 30, 2022. According to the SBI website, the bank has waived 50% of the basic processing fee for home and home loans (other than takeover). The bank has waived 100% of the basic processing fee for home loan takeover and related top ups. Advocate and Valuer Fee- There is no change in the actual cost, which will be charged to the customer and will be charged separately. According to the card rate page on SBI’s website, its basic processing fee will be 0.35% of the total loan amount plus GST or a minimum of Rs 2,000 or a maximum of Rs 10,000.
Other Home Loan Charges
There are various charges applicable when you take a home loan. These fees will vary from lender to lender. Additionally, some lenders may charge a fee separately, while others may charge individual lenders together. Other charges include login fee, technical evaluation fee, legal fee, franking fee, pre-EMI fee, statutory or regulatory fee, revaluation fee, insurance premium, notary fee and judgment fee.
SBI Home Loan Latest Interest Rates
SBI External Benchmark Linked Lending Rate: The EBLR of the bank as per SBI is 7.55% + CRP with effect from June 15, 2022. RLLR is 7.15% + CRP. However, risk premium will be charged on the basis of credit score. SBI Marginal Cost of Fund-Based Lending Rates: SBI has increased the marginal cost of fund-based lending rates (MCLR) by 0.10 per cent with effect from July 15, 2022.
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