SBI offers up to 30 basis points on home loan interest rates starting from 6.80%

State Bank of India (SBI) has announced interest concession up to 30 basis points (bps) on home loan interest rates, and a 100 percent waiver of processing fees.

"With an aim to offer attractive concessions to the home buyers, the country's largest lender, State Bank of India (SBI) announces further interest concession of upto 30 bps on home loans and 100 percent waiver on processing fees," the lender said in a statement.

SBI said its interest rate on home loans start from 6.80 percent for loans up to Rs 30 lakh and 6.95 percent for loans above Rs 30 lakh.