5:15 AM
State Bank extends special housing loan scheme indefinitely
STATE Bank of India on Wednesday extended the dale of special home loan rates for new and women borrowers beyond March 31 for an indefini le peri ;k1.
Last December, the bank has cut its home loanrates by up to 0.4 per cent for new borrowers and for women customers an additional concession of 0.05 per cent was offered. Earlier, the special rates were made available up to March 31.
"In view of the overwhelming response received across the country, it has been decided to extend the special rates beyond March 31 till further notice from the bank," the bank said in a statement.
Under the special interest rate scheme. SBI is offering home loans in two differ- Axis launches scheme for earners below ?10,000
Mumbai Axis bank has
launched a home loan producifothouseholds earning as low as Rs 8,000 a month, targeting disbursals of up to Rs 1OOOcrore in a year's time.a senior bank official said on Wednesday However, these loans would come Ata premium due to higher risk of such borrowers. Accordingly, the bank would lend at 1U. 75 per cent, which is higher than its normal lending rates for other customers
Ent slabs—under Rs 75 Lakh and above Rs 75 Lakh.
Loans of upto Rs 75 Lakh are made available to new borrowers at 10.15 per cent while for women, the rate of interest is lO.lOpercent.
Last December, the bank has cut its home loanrates by up to 0.4 per cent for new borrowers and for women customers an additional concession of 0.05 per cent was offered. Earlier, the special rates were made available up to March 31.
"In view of the overwhelming response received across the country, it has been decided to extend the special rates beyond March 31 till further notice from the bank," the bank said in a statement.
Under the special interest rate scheme. SBI is offering home loans in two differ- Axis launches scheme for earners below ?10,000
Mumbai Axis bank has
launched a home loan producifothouseholds earning as low as Rs 8,000 a month, targeting disbursals of up to Rs 1OOOcrore in a year's time.a senior bank official said on Wednesday However, these loans would come Ata premium due to higher risk of such borrowers. Accordingly, the bank would lend at 1U. 75 per cent, which is higher than its normal lending rates for other customers
Ent slabs—under Rs 75 Lakh and above Rs 75 Lakh.
Loans of upto Rs 75 Lakh are made available to new borrowers at 10.15 per cent while for women, the rate of interest is lO.lOpercent.
Posted in: News 2014
0 comments:
Post a Comment