The largest lender in the country State Bank of India has further extended its list of service, the latest addition being ‘affordable housing loan’ cell. First such facility has been set up in Nalla Sopara and initially will focus on providing home loans between 8-15 lakh.
The bank has launched this project on pilot basis and has formed an association with a few builders operating in the affordable housing segment so that the customers can get can every possible relevant information.
A bank official said "The facility will be set up near localities where affordable housing projects are undertaken. The cell is a distinct delivery structure, which has been designed to offer a simple model for appraisal/sanction methodology suited to the segment."
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SBI home loans
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