SBI home loan offer: SBI offering home loan at zero processing fee
New Delhi| State Bank of India (SBI) is offering up to 100% discount on processing fees to home loan takers under the monsoon offer. SBI has given this information on the post ‘X’ on social media. Unlock your dream home with up to 100% off processing fees, SBI said in the post. Offer valid for limited period. Take advantage of it now! In such a situation, if you are also planning to buy a home loan, then this is a great opportunity. By taking advantage of this opportunity you can save big on home loan. Usually SBI charges processing fees and GST of 0.35% of the home loan amount. The processing fee on home loan is minimum Rs 2,000/plus GST and maximum Rs 10,000/plus GST.
The offer will last until September 30, 2024. After this this offer will end. Banks charge a lump sum fee on home loan. This fee is known as home loan processing fee. It is generally not deducted from the loan amount, and the borrower has to repay it separately. It is a fee to cover the loan processing costs incurred by the lender or bank. Some banks waive the processing fee for home loan at a particular time.
