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    Home loan interest rates at historic low as SBI, Axis, Kotak Mahindra Bank announce festive offers

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    As part of its festive offer, the State Bank of India (SBI) has announced a concession in home loan interest rates by up to 25 bps. According to the SBI press release issued on October 21, 2020, home loan customers would get an interest concession of 25 bps for buying a home of above Rs 75 lakh based on their CIBIL score and if they apply through the bank's YONO platform. Private players Axis Bank and Kotak Mahindra Bank too have announced their festive offers that include low interest rates, waivers on processing fees and offers via their tie-ups with brands across categories.

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