A "low interest" loan shouldn't mean you have very little interest in paying it back!
State Bank of India (SBI) offer a variety of home loan schemes to those who want to own their own home. The bank offers loans at attractive interest rates and flexible tenures. Compare SBI home loan interest rates with other banks before signing up.
When we talk of different schemes, one of them is SBI YONO Insta Home Top Up loan. This top-up home loan is available for all pre-selected SBI Home Loan customers. over the YONO app. The maximum loan amount which can be availed is Rs.5 lakh with the interest rate being 6.75% p.a. and the processing fee being Rs.2,000 plus applicable service tax.
The SBI YONO Insta Home Top-up loan is offered exclusively on the bank's mobile application, YONO. It is only offered to pre-selected customers with a concession on interest rates.
| Interest rate | 6.75% p.a. |
| EBR | 6.65% p.a. |
| Loan amount | Rs.1 lakh to Rs.5 lakh |
| Processing fee | Rs.2,000 plus applicable service tax |
The features of this loan are as given below:
Customers are pre-selected by the bank on the basis of various parameters such as Credit Score, past loan repayment history, residual tenure of existing loans, etc.
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