SBI YONO Insta Home Top Up Loan: People who aspire to become homeowners can choose from a number of house loan programmes offered by State Bank of India (SBI). The bank provides loans with variable tenures and competitive interest rates. Prior to enrolling, check the interest rates on SBI home loans with those of other banks.
YONO Insta Home Top Up Overview
The SBI YONO Insta Home Top Up loan is one of the various programmes that we discuss. All SBI Home Loan clients who have been pre-selected are eligible for this top-up loan. with the YONO app. The highest loan amount that may be obtained is Rs. 5 lakh, with a processing fee of Rs. 2,000 plus any relevant service tax, and an interest rate of 6.75% per annum.
What is the purpose of top up home loan?
Top-up house loans can be used for a number of things, including business needs, education costs, medical bills, and home improvements. It’s crucial to remember that the loan money must be used for the intended purpose as stated when the application was submitted.
Lowered Interest Rates
The bank’s mobile app, YONO, is the only place to get the SBI YONO Insta Home Top-up loan. Only pre-selected clients are eligible for it, and interest rates are lowered.
| Interest rate | 6.75% p.a. |
| EBR | 6.65% p.a. |
| Loan amount | Rs.1 lakh to Rs.5 lakh |
| Processing fee | Rs.2,000 plus applicable service tax |
SBI YONO Insta Home Top-up Loan Features
- Instantaneous and paperless
- available around-the-clock
- The availability of an overdraft facility
- A loan may be taken out for any purpose other than engaging in speculative activity.
- Low and competitive interest rates are available.
- Payment is made instantly and swiftly.
The bank preselects its customers based on a number of factors, including credit score, previous loan payback history, remaining loan term, etc.
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