State Bank Of India

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State Bank of India surpasses Rs 6 lakh crore AUM in residential home loans

Date: 13-10-2022

State Bank of India (SBI) has surpassed Rs 6 lakh crore in assets under management (AUM) in residential home loans segment. SBI crossed Rs 5 lakh crore AUM mark in January 2021. It aims to make home loans affordable for all prospective buyers amidst the ongoing festive season.

As a part of the festive bonanza, SBI will offer a concession of up to 0.25 per cent on home loans, 0.15 per cent on top-up loans, and 0.30 per cent on loan against property. Bank has further sweetened the deal, by waiving off the processing fees on home loans up to January 31, 2023.

The offers are specially curated keeping in mind the diverse needs of buyers across segments. SBI is consistently striving to make affordable housing conveniently accessible to customers who dream of owning a home.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.