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

Infrastructure Transport

07 Oct 2025

ADB Approves $190 Million Loan For Indore Metro Project

The Asian Development Bank (ADB) has approved a $190 million loan to support the development of the Indore Metro Rail Project, marking another major step in strengthening urban transport infrastructure in Madhya Pradesh.Phase 1 of the Indore Metro features a single corridor, the Yellow Line, stretching 33.53 kilometres and connecting Palasia, Railway Station, Rajwara, Airport, Bhawarsala, MR10, and back to Palasia in a loop.The newly approved loan will finance the construction of an 8.62-kilometre underground section with seven stations, linking some of Indore’s most congested zones to the c..

ADB Approves Final $299 Million Loan For Delhi–Meerut RRTS

The Delhi–Meerut Regional Rapid Transit System (RRTS) project has achieved a key milestone with the Asian Development Bank (ADB) approving a $299 million loan as the final tranche of its Multi-Tranche Financing Facility (MFF) on 30 September. This marks the completion of ADB’s four-tranche financing for the ambitious high-speed regional transport corridor.The Delhi–Meerut RRTS project, with an estimated total cost of Rs 286.3 billion (around $3.5 billion), is being implemented through a multi-layered funding framework combining international financial institutions and contributions from ..

Mizoram’s Kaladan Transport Project To Be Completed By 2027

Mizoram Chief Minister Lalduhoma announced that the Kaladan Multi-Modal Transit Transport Project (KMMTTP) — a cross-border road link connecting southern Mizoram to the Bay of Bengal via Myanmar — is expected to be completed by 2027.Speaking at Tlanglut Kut, a major festival of the Bawm tribe, and the International Bawm Cultural Meet held in Khawmawi village, Lunglei district, Lalduhoma said he had recently met with officials from the company executing the Kaladan project, who assured him that the bilateral infrastructure initiative would be completed within the next two years.He added tha..