SBI Reveals Latest Home Loan Interest Rates Based On CIBIL Score

SBI Home Loan

SBI Home Loan

State Bank of India provide home loans to many different sections as per their requirement and needs. Home loans are types known for having the longest tenure a person can avail in his life. That’s why a person enquires and consults with multiple banks to choose the most convenient loan option at the lowest interest rates. SBI home loans are specially designed in terms of convenience & interest rates for salaried ones.

Role Of CIBIL Score

CIBIL score is the factor of trust in the credit world for financial institutions to become your lender. CIBIL score is a rating given to a person to show his creditworthiness. Most banks provide interest rates to individuals based on their CIBIL score.

As per Bank’s website, “CIBIL Score is a 3-digit numeric summary of your credit history, rating, and report, and ranges from 300 to 900. The closer your score is to 900, the better your credit rating is.

SBI’s Regular Home Loan Features:

  • Low-Interest Rates
  • Convenient Processing Fee
  • Low Processing Fee
  • No Prepayment Penalty
  • Repayment up to 30 years
  • Interest Concession for Women Borrowers

Also read:

These 5 Government Companies Are To Be Privatised This Year

SBI Home Loan Interest Rates & RBI Repo Rates

Before applying for the SBI home loans you should know that variations in interest rates occur as per repo rates. Recently RBI has announced that Repo rates will remain the same as the current 4 percent.

List Of Interest Rates For SBI Home Loans With Effect From April 1, 2022:

List Of Interest Rates For SBI Home Loans With Effect From April 1, 2022:

Rishabh Sharma

Rishabh is an experienced content writer and editor, he is working for Viralbake to cover a diversified range of categories. His articles mainly focus on providing information, being a travel guide, educating others, and also making people aware of technology, after all, he is a technophile. When not writing he can be found gaming, watching movies, and travelling.

Related Articles

Back to top button

AdBlocker Detected

Please Disable Adblock To Proceed & Used This Website!