NEWS & ADVICE : HOME LOANS
SBI to organize home loan fair
By Joseph Samson
Jul 20, 2009
Print    Email    RSS   

The country's largest lender, State Bank of India organized ‘SBI Home Fair 2009' between July 17 and 19 at Mayor Ramanathan Chettiar Centre.

The lender will offer borrowers various concessions on home loans like add-on insurance cover, concessional lending rates, wavier of processing fees; etc. At the same time, the bank will also issue ‘in-principle sanction letters' to prospective borrowers.

Presently, SBI has a home loan portfolio of at least Rs56,000 crore. Nearly 75 percent of its loan book comprises of loans of up to Rs 20 lakh.

Recently, the bank launched special home loan scheme under which it offered home loan at competitive rate of 8 percent.

During last fiscal the home loan portfolio of the bank grew by 21 percent.

Expecting an increase in demand, the bank has raised its overall target for home loans segment to Rs 30,000 crore, which is a 30 percent increase for current financial year.

Currently, the player has 18 to 20 percent market share in house loans.

 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Know your home loan better
Financial Review: A must for every individual
e-filing of income tax returns at...
Should interest rate only be considered in...
Home Equity Loan: A shoulder you can bank...


PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

NEWS THIS WEEK
Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive