For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

SBI Restores Processing Fee On Home Loan

|

As per a leading dailies report, SBI has withdrawn the initial waiver announced in respect of processing fee on top up loans, corporate, builder and home loans. The circular from the bank said, "The waiver will continue for proposals sourced up to October 15 and likewise the complete waiver of the consolidated processing fee which was to be extended through the festivities until December now stands withdrawn.

SBI Restores Processing Fee On Home Loan
 

In respect of individual borrowers, processing charges come to be 0.4% and that works to be in the range of Rs. 10000- Rs. 30000. And in case of builders it is a flat amount of Rs. 5000.

This has been effected after the RBI has cut key policy rate for the 5th time in a row in view of the sluggish economy and comfortable inflation levels.

Other charges such as prepayment charges and Central Registry of Securitisation Asset Reconstruction and Security Interest registration fee may further be hiked at a future time.

GoodReturns.in

Read more about: sbi loan home loan
Story first published: Friday, October 11, 2019, 11:49 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more