Key Highlights: 

  • SBI launches “SBI Realty” - a one-top website
  • SBI home loan interest rate between 8.55% - 8.60%
  • 9.5 lakhs home units available on this website

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The State Bank of India (SBI) on Tuesday launched a one-stop service called SBI Realty which will help home buyers not only explore best deals on houses but also options on home loans.

Rajnish Kumar, Managing Director – NBG, SBI said, “We believe that this new proposition will help customers in identifying their dream house in reliable projects with higher credibility and goodwill in the market.”

Through 'SBI Realty', the bank plans to support customers in choosing their dream house from as many as 3,000 SBI approved projects across in India.

These projects are spread in across 13 states and Union Territories covering about 30 cities including metro, semi metro and towns.

There are presently 9.5 lakhs home units available on this website. You can compare the current and past prices for the properties in various loacalities in the city.

Projects from builders like DLF, Sobha, Unitech, Tata Housing, Godrej Properties, DB Realty, Kolte Patil, Raheja Universal, Kal-Pataru, The Wadhwa Group and Peninsula are mentioned on the site.

Going ahead, SBI Realty will also assist you in calculating appropriate loan amount a customer wants to borrow bases in its income and credit profile.

A person can check their EMIs, affordability and balance transfer details on every loan they take from the bank.

ALSO READ: After RBI's changes in risk-weight; SBI reduces home loan rates by another 10 basis points

Kumar on June 9  had  said, “Buying a home is a big decision. SBI has always been at the forefront in keeping the customers benefit first. This interest rate reduction will help home buyers come closer to their dream home”.

Revised interest rates will be 8.55% per annum for salaried women borrowers and 8.60% per annum for others.