SBI’s home loans portfolio as on June 30, 2011 stood at Rs89,881 crores recording a growth of 20.37% year-on-year. This growth is higher than the industry home loans growth of 17% recorded in April, May and June 2011.When State Bank of India’s (SBI) chairman Pratip Chaudhuri discontinued “SBI Easy Home Loan and SBI Advantage Home Loan” popularly known as teaser loans from May, he was confident that...
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Dousing hopes of many home loan seekers and investors, country's largest lender SBI today said it will not finance....
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(SBI) on Wednesday reduced the processing fee on home and auto loans by 50 per cent to cash in on festive season demand.This offer is applicable on loans availed from October 17 to December 31, SBI said in a statement.For home loans up to Rs 25 lakh, the processing charge has become 0.125 per cent of the loan amount from 0.25 per cent, it said.In case of loans between Rs 25 lakh and Rs 75 lakh, the...
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(SBI) on Wednesday extended 25 basis point concessional home loan scheme till December this year.Under the scheme, SBI offers 25 bps discount on interest rates on its card rate across the tenor of a floating home loan.The scheme which was open till October 31, 2011, has now been extended till December 31, 2011."A concession of 0.25 per cent in the card interest rate over the tenor of the home loan...
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scheme, aimed at existing home loan borrowers and linked to the price of property, is offering personal loan at 11.25% to existing home loan customers.The offer is similar to the top-up scheme of other players such as ICICI Bank and home loan provider HDFC, which have pegged their loans at 12.25% and 12.50%, respectively. The new product, called 'SBI Home Equity scheme', gains relevance in the context...
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festive mood, country's largest lender, the State Bank of India (SBI), has halved the processing fee on home and automobile loans. The reduced processing fee is available till the end of 2012. This comes days after the SBI slashed home and auto loans by 50 basis points.Almost a month back, the SBI had slashed its base rate, the minimum benchmark rate below which the Reserve Bank of India (RBI) does...
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SBI/ICICI bank approved project.5 people from SBI booked here.Loans from SBI within'...
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Last week Dena Bank dropped interest rates on home loans by 25 basis points hoping it would prompt home buyers to take the plunge. A couple of weeks back State Bank of India (SBI) announced a concession of 25 basis points on its home loans. Both Central Bank and Bank of India offer home loans at their base rate of 10.75%. In other words, they are not leaving themselves any spread over the minimum lending...
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Wednesday reduced the processing fee on home and auto loans by 50 per cent to cash in on festive season demand.This offer is applicable on loans availed from October 17 to December 31, SBI said in a statement."With this reduction, the bank is quoting the lowest processing fee on both home and auto loans to our esteemed customers," it said.For home loans up to Rs 25 lakh, the processing charge has become...
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now expects its home loans portfolio to grow by only 15-20 per cent this year.SBI Deputy Managing Director and chief credit and risk officer Atanu Sen said: "There has been a drop in home registrations andSen further said that existing customers can migrate to the lower home loan rates by paying a processing fee of one per cent of their outstanding loan amount.The reduction in auto loan rates was up...
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