scorecardresearchDiwali Offers: SBI, HDFC offer home loans at 8.40% as part of festive sales; Check details

Diwali Offers: SBI, HDFC offer home loans at 8.40% as part of festive sales; Check details

Updated: 13 Oct 2022, 08:17 AM IST
TL;DR.
SBI in a statement said that its home loan book has topped the 6 lakh crore mark, a first in the industry. The leading lender said it is offering up to 25 bps discount on interest rate to new home loan borrowers, making the entry level rate at 8.40 per cent and the offer will run up to January 31, 2023. The largest pure-play mortgage player HDFC, which is awaiting its merger with its banking subsidiary HDFC Bank, said it's also offering discounted interest rates to new borrowers to the tune of 20 bps or at 8.40 per cent.
We decode hidden charges associated with a home loan which increase the overall cost of borrowing drastically.

We decode hidden charges associated with a home loan which increase the overall cost of borrowing drastically.