From 'gaushalas' to green manure, Padma awardee farmers outline measures to restore soil health

New Income Tax Rules 2026 Explained: Key changes, allowances and what every taxpayer needs to know

Countdown begins for Satinder Sartaaj’s sold-out Delhi performance

Commercial, passenger vehicle demand drives auto NBFC growth; Q4 outlook positive: Report

Bonus & Dividend: IRB Infra posts Rs 211 crore Q3 PAT, announces corporate actions—See details

Trueledger Technologies FZE expresses preliminary interest in possible strategic investment of up to a 20% stake in Silverline Technologies

PM Modi to visit Assam on Feb 14; launch Northeast’s first ELF, Rs 5,450 crore projects

Valentine's Day Stocks: Anil Singhvi links BSE, L&T, Zomato and other shares with Gen-Z dating lingo – Full list

Ola Electric Q3FY26 Results: Loss narrows to Rs 487 crore, revenue drops sharply

Stock Market Closing Bell: Sensex crashes 1,048 pts, Nifty slides 1.30% as tech rout drags markets

Buying home is a dream of many, distant though it may seem in reality. Home loan is the most viable option available for salaried class to turn this dream into reality. India's largest public sector bank, State Bank of India offers home loans at highly attractive rates to its customers. However, SBI customers need to pay a few additional charges apart from interest rates. This includes processing fee, technical and legal charges and prepayment charges. This increases the overall cost of the loan and puts additional burden on homebuyers.
Now, in what comes as a good news for buyers, SBI has decided to remove the processing fee. This means that homebuyers will not have to pay the fee during the loan process. The offer will be applicable till February 28, 2019. As of now, the State Bank of India charges a processing fee of 0.25% of the loan amount, minimum Rs 1000/-, up to Rs 25 lacs; Rs. 6500 for an amount above Rs 25 lakhs to Rs 75 lakhs and maximum of Rs 10,000 for the amount greater than Rs. 75 lakhs.
What are the other charges levied by SBI on home loans?
Even though there will be no processing fee, the customers need to keep in mind that they will still have to pay other additional charges:
Technical and Legal Charges - The lender charges technical and legal charges which are explained to the customer during the loan process. 
Prepayment Charges - If the customers decide to prepay their loan, they need to pay foreclosure charges. Currently. SBI is charges NIL prepayment charges which means no extra payment.
<blockquote data-lang="en">Switch to a loan that brings joy! Transfer your Home Loan to SBI at ZERO processing fees. Offer valid till 28th February, 2019. Apply now: <a href="https://t.co/9q6lk5wWA4">https://t.co/9q6lk5wWA4</a> <a href="https://twitter.com/hashtag/StateBankOfIndia?src=hash&amp;ref_src=twsrc%5Etfw">#StateBankOfIndia</a> <a href="https://twitter.com/hashtag/SBI?src=hash&amp;ref_src=twsrc%5Etfw">#SBI</a> <a href="https://twitter.com/hashtag/Banking?src=hash&amp;ref_src=twsrc%5Etfw">#Banking</a> <a href="https://twitter.com/hashtag/Home?src=hash&amp;ref_src=twsrc%5Etfw">#Home</a> <a href="https://twitter.com/hashtag/HomeLoan?src=hash&amp;ref_src=twsrc%5Etfw">#HomeLoan</a> <a href="https://twitter.com/hashtag/HappyHomes?src=hash&amp;ref_src=twsrc%5Etfw">#HappyHomes</a> <a href="https://twitter.com/hashtag/SBIHomeLoans?src=hash&amp;ref_src=twsrc%5Etfw">#SBIHomeLoans</a> <a href="https://twitter.com/hashtag/TakeoverHomeLoan?src=hash&amp;ref_src=twsrc%5Etfw">#TakeoverHomeLoan</a> <a href="https://t.co/55LYXr3Ejl">pic.twitter.com/55LYXr3Ejl</a>
— State Bank of India (@TheOfficialSBI) <a href="https://twitter.com/TheOfficialSBI/status/1091554543824003072?ref_src=twsrc%5Etfw">February 2, 2019</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>What factors decided SBI home loan interest rates?
The bank looks at three factors to decided home loan rates:
Loan amount: The more the loan amount, the lesser the interest rate
Salary: Higher the salary lower would be the interest rate
Type of loan: The concessional rate of the home loan is offered for certain borrowers. Say, women borrowers enjoy a lower rate of interest compared to others, under different schemes. This way the interest rate could be higher or lower.

Buying home is a dream of many, distant though it may seem in reality. Home loan is the most viable option available for salaried class to turn this dream into reality. India's largest public sector bank, State Bank of India offers home loans at highly attractive rates to its customers. However, SBI customers need to pay a few additional charges apart from interest rates. This includes processing fee, technical and legal charges and prepayment charges. This increases the overall cost of the loan and puts additional burden on homebuyers.Now, in what comes as a good news for buyers, SBI has decided to remove the processing fee. This means that homebuyers will not have to pay the fee during the loan process. The offer will be applicable till February 28, 2019. As of now, the State Bank of India charges a processing fee of 0.25% of the loan amount, minimum Rs 1000/-, up to Rs 25 lacs; Rs. 6500 for an amount above Rs 25 lakhs to Rs 75 lakhs and maximum of Rs 10,000 for the amount greater than Rs. 75 lakhs.What are the other charges levied by SBI on home loans?Even though there will be no processing fee, the customers need to keep in mind that they will still have to pay other additional charges:Technical and Legal Charges - The lender charges technical and legal charges which are explained to the customer during the loan process. Prepayment Charges - If the customers decide to prepay their loan, they need to pay foreclosure charges. Currently. SBI is charges NIL prepayment charges which means no extra payment.Switch to a loan that brings joy! Transfer your Home Loan to SBI at ZERO processing fees. Offer valid till 28th February, 2019. Apply now: https://t.co/9q6lk5wWA4 #StateBankOfIndia #SBI #Banking #Home #HomeLoan #HappyHomes #SBIHomeLoans #TakeoverHomeLoan pic.twitter.com/55LYXr3Ejl— State Bank of India (@TheOfficialSBI) February 2, 2019What factors decided SBI home loan interest rates?The bank looks at three factors to decided home loan rates:Loan amount: The more the loan amount, the lesser the interest rateSalary: Higher the salary lower would be the interest rateType of loan: The concessional rate of the home loan is offered for certain borrowers. Say, women borrowers enjoy a lower rate of interest compared to others, under different schemes. This way the interest rate could be higher or lower.  

 India's largest public sector bank, State Bank of India offers home loans at highly attractive rates to its customers. However, SBI customers need to pay a few additional charges apart from interest rates.

Joy! Buying house just got cheaper; SBI removes this charge from home loan

news-sbi-home-loan-processing-fee-prepayment-charges-is-this-right-time-to-buy-home-84179

Buying home is a dream of many, distant though it may seem in reality. Home loan is the most viable option available for salaried class to turn this dream into reality. Indias largest public sector bank, State Bank of India offers home loans at highly attractive rates to its customers. However, SBI customers need to pay a few additional charges apart from interest rates. This includes processing fee, technical and legal charges and prepayment charges. This increases the overall cost of the loan and puts additional burden on homebuyers. Now, in what comes as a good news for buyers, SBI has decided to remove the processing fee. This means that homebuyers will not have to pay the fee during the loan process. The offer will be applicable till February 28, 2019. As of now, the State Bank of India charges a processing fee of 0.25% of the loan amount, minimum Rs 1000/-, up to Rs 25 lacs; Rs. 6500 for an amount above Rs 25 lakhs to Rs 75 lakhs and maximum of Rs 10,000 for the amount greater than Rs. 75 lakhs. What are the other charges levied by SBI on home loans? Even though there will be no processing fee, the customers need to keep in mind that they will still have to pay other additional charges: Technical and Legal Charges - The lender charges technical and legal charges which are explained to the customer during the loan process.  Prepayment Charges - If the customers decide to prepay their loan, they need to pay foreclosure charges. Currently. SBI is charges NIL prepayment charges which means no extra payment. Switch to a loan that brings joy! Transfer your Home Loan to SBI at ZERO processing fees. Offer valid till 28th February, 2019. Apply now: https://t.co/9q6lk5wWA4 #StateBankOfIndia #SBI #Banking #Home #HomeLoan #HappyHomes #SBIHomeLoans #TakeoverHomeLoan pic.twitter.com/55LYXr3Ejl — State Bank of India (@TheOfficialSBI) February 2, 2019 What factors decided SBI home loan interest rates? The bank looks at three factors to decided home loan rates: Loan amount: The more the loan amount, the lesser the interest rate Salary: Higher the salary lower would be the interest rate Type of loan: The concessional rate of the home loan is offered for certain borrowers. Say, women borrowers enjoy a lower rate of interest compared to others, under different schemes. This way the interest rate could be higher or lower.  

 Indias largest public sector bank, State Bank of India offers home loans at highly attractive rates to its customers. However, SBI customers need to pay a few additional charges apart from interest rates.