sbi home loan interest rate: Home Loan: Super idea to buy a home loan for gummy interest! – how to get home loan at low interest rate from sbi using your cibil score

SBI Bank, India’s largest public sector bank, has hiked interest rates on home loans from June 1. To this end, SBI has raised the base interest rate on home loans.

However, you can get a low interest home loan from SBI Bank. For this, your CIBIL score should be better. You can get a low interest home loan if your Sibyl score is high. On the other hand, the lower the Sibyl score, the higher the interest rate.

Sibyl score or credit score is usually viewed by banks before granting a loan. The Sibyl score is an assessment of a person’s debt and the history of his or her debt repayment. Therefore, banks evaluate whether you can repay the loan correctly by keeping your Sibyl score.

Indian Bank: Happy news for Indian bank customers .. Interest rate hike!

• When you get a home loan from SBI Bank, if your credit score is 800 or higher, the interest will be 7.05% to 7.45%.

• If the Sibyl score is between 750 and 799, 7.15% interest will be charged.

• If the Sibyl score is between 700 – 749, 7.25% interest will be charged.

• If the Sibyl score is between 600 – 699, 7.35% interest will be charged.

• If the Sibyl score is between 550 – 649, 7.55% interest will be charged.

SBI Bank offers 0.05% interest on home loans to women.