SBI to charge processing fees for home loans

Update: 2019-10-11 18:00 GMT

BENGALURU: SBI will start charging processing fees for home loan borrowers, top-up plans, and loans to corporates and builders. This decision comes on the heels of the bank facing a sharp dip in its interest income after the RBI lowered rates. SBI, in an internal circular, said, "the full waiver of consolidated processing fee" offered during the festival period for loan proposals sourced up to December 31, 2019 is withdrawn. "Waiver will continue for proposals sourced up to October 15, 2019,"

SBI said. 

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