SBI waives home loan processing fee till August end

02 Aug 2021 CW Team

State Bank of India (SBI) has waived processing fee on home loans till August-end. The processing fee on home loans is 0.40%, currently.

SBI told the media that it is the bank's limited period 'Monsoon Dhamaka Offer', through which a home loan customer can earn considerably. The state-owned bank said that the offer would help recover the customer sentiments.

SBI told the media that there could not be a more suitable time to purchase a house, considering SBI home loan interest rates beginning just at 6.70%. The Monsoon Dhamaka Offer is for a short period ending on August 31, 2021.

C S Setty, MD (Retail & Digital Banking), SBI told the media that they believe this offer of processing fee waiver will support and encourage home buyers to make decisions with comfort, as the interest rate is at its historic low. They aim to be a banker to every Indian and thereby be partners in nation-building.

There will be a 5 bps (0.05%) concession for home loans applied via the bank's one-stop YONO App. Women borrowers will be qualified for a concession of 0.05% (5 basis points/bps) on the loan rate.

Image Source

Also read: Yes Bank, Indiabulls Housing enter co-lending pact to offer home loans

Also read: Around Rs 1.35 lakh cr real estate debt under serious pressure

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..