<p>The country's largest lender State Bank of India (SBI) on Saturday announced waiving processing fee on home loans till August-end.</p>.<p>Currently, the processing fee on home loans is 0.40 per cent.</p>.<p>SBI said it is the bank's limited period 'Monsoon Dhamaka Offer', through which a home loan customer can gain substantially. The state-owned lender said the offer will help revive the consumer sentiments.</p>.<p>"There could not be a better time to buy a house, considering SBI home loan interest rates start at just 6.70 per cent," SBI said in a release. The Monsoon Dhamaka Offer is for a limited period ending on 31st August 2021, SBI said.</p>.<p>"We believe this offer of processing fee waiver will facilitate and encourage home buyers to take decision with ease, as interest rate is at its historic low. We strive to be a banker to every Indian and thereby, be partners in nation building," C S Setty, MD (Retail & Digital Banking), SBI said.</p>.<p>There will be a concession of 5 bps (0.05 percentage) for home loans applied through the bank's one stop YONO App. Women borrowers will be eligible for concession of 0.05 percentage (5 basis points/bps) on the loan rate.</p>
<p>The country's largest lender State Bank of India (SBI) on Saturday announced waiving processing fee on home loans till August-end.</p>.<p>Currently, the processing fee on home loans is 0.40 per cent.</p>.<p>SBI said it is the bank's limited period 'Monsoon Dhamaka Offer', through which a home loan customer can gain substantially. The state-owned lender said the offer will help revive the consumer sentiments.</p>.<p>"There could not be a better time to buy a house, considering SBI home loan interest rates start at just 6.70 per cent," SBI said in a release. The Monsoon Dhamaka Offer is for a limited period ending on 31st August 2021, SBI said.</p>.<p>"We believe this offer of processing fee waiver will facilitate and encourage home buyers to take decision with ease, as interest rate is at its historic low. We strive to be a banker to every Indian and thereby, be partners in nation building," C S Setty, MD (Retail & Digital Banking), SBI said.</p>.<p>There will be a concession of 5 bps (0.05 percentage) for home loans applied through the bank's one stop YONO App. Women borrowers will be eligible for concession of 0.05 percentage (5 basis points/bps) on the loan rate.</p>