Mumbai, July 31: The country’s largest lender, State Bank of India (SBI), announced Monsoon Dhamaka Offer with a 100% waiver on processing fees on home loans. This is a significant reduction from the existing processing fees of 0.40%. A home loan customer stands to gain substantially through this limited period offer.

SBI has always been at the forefront of reviving consumer sentiments by bringing out various offers from time to time. There could not be a better time to buy a house, considering SBI Home Loan interest rates start at just 6.70%.  The Monsoon Dhamaka Offer is for a limited period ending on August 31.

C.S. Setty, MD (R&DB), SBI said “We are pleased to announce the Monsoon Dhamaka offer for our prospective home loan customers. We believe this offer of processing fee waiver will facilitate and encourage home buyers to take decision with ease, as interest rate is at its historic low. We strive to be a banker to every Indian and thereby, be partners in nation building.”