SBI Home Loan Scheme is Attractive
- Public can apply for the home loan scheme launched by the SBI from the period of February to April. Sources have exposed that loans up to Rs 1300 corers have been sanctioned by the SBI in the month of February.
- A senior SBI officer has said that the figure can grow higher in the coming two months and the banking authorities are getting brilliant responses from the borrowers.
- The officials further exposed that SBI will very soon reach the peak by becoming the number one player in home loan lending field.
- The officials further added that they will soon overtake the HDFC and ICICI banks that are currently holding the number one position in the home loan market.
- Other main banks are also going on the steps of the SBI and they have also come up with many such schemes of offering discounted rates to the borrowers. Canara bank has also launched a scheme like this offering the borrowers fixed rates up to five years on loans up to Rs 30 lakhs.
- The people can avail the Canara bank scheme only till December. According to this scheme, bank would ask the users to pay interest rate of 8.25 % for the first year, between the period of second and fifth year the bank will charge 9.25% interest rate and for the rest of the tenure it will charge prime lending rate minus 2.5%.
- Financial experts feel that the banks should come up with more such schemes in the coming days to maintain the impetus.
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