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Need a Home Loan? SBI is giving 100% discount on loan processing charges! | Sbi home loan | loan

Need a Home Loan? SBI is giving 100% discount on loan processing charges!

Need a Home Loan? SBI is giving 100% discount on loan processing charges!

The interest rate on home loan is the lowest among all the types of loans that people need. Nevertheless, sometimes the customer has to pay interest equal to the total amount taken on the home loan to the bank.

One of the reasons for this is the term of the home loan. Because, of all the types of loans that people need, the term of home loan is the most. So in case of any home loan, its interest rate is very important!

It should be kept in mind that in case of Home Loan, if there is a slight change in the interest rate, the difference in the amount of money payable in the long run can be a few lakhs! So you should take a loan from the bank that gives the lowest interest home loan.

Each bank charges a fee for processing a home loan. Typically, however, the processing fee is up to 0.40 percent of the total loan amount. This money is not refundable. Therefore, processing fee is an important consideration in the case of home loan.

State Bank of India (SBI) has come up with a big offer in the field of home loan. According to the bank, 100 percent discount on processing fee will be given to the customer in case of taking a new home loan. In other words, if you take a home loan from State Bank (SBI), you do not have to pay any processing fee.

According to the bank, if you take a home loan from State Bank of India (SBI) till August 31, you will not have to pay any processing fee. SBI will not charge any processing fee till August 31 in Monsoon Dhamaka offer.

Until now, customers had to pay a processing fee of 0.40 per cent of the total loan amount if they took a home loan from State Bank (SBI). In other words, if someone took a home loan of Tk 20 lakh, he would have to pay a processing fee of Tk 6,000 at the rate of 0.40 percent. State Bank of India (SBI) will not charge any processing fee till August 31.

At present, the State Bank of India (SBI) has an annual interest rate of 7.60 per cent on home loans. EMI at Rs. 1 lakh is Rs. This offer of the bank will save a lot of money for the customer in case of home loan.

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