It may be noted that an additional five per cent will be given if the home loan application is processed digitally on its YONO application platform.
The same concession would also be applicable for home loan customers for a loan amount of up to Rs 3 crores in eight metro cities.
After Yono becomes an independent entity, SBI could even become one among its users, he said adding that discussions were at a very nascent stage and a valuation exercise for the entity was pending.
The bank is giving concessions up to 10 basis points (bps) on the interest rate for the customers based on their credit score and home loan amount.
Account holders of the bank can tap their Titan Pay watch on contactless payment point-of-sale (POS) machines without the need of swiping or inserting their debit card