Thursday, September 22, 2011

Concessional home loan scheme of SBI extended till 31st December

The largest lender in the country State Bank of India has announced to extend the concessional scheme where the lender was offering a concession of 25 basis points over the card rates till 31st December this year, earlier the scheme was available till October 31st.

In a statement the bank said "A concession of 0.25 per cent in the card interest rate over the tenor of the home loan is available under the ongoing special home loan campaign up to December 31."

A few lenders have recently launches the dual rate home loan scheme which has affected the home loan business of the bank and in order to lure customer the bank has extended the tenure of the scheme.

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