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19 February, 2019 17:56 IST
SBI announces special loan for repair and renovation of homes in Kerala
Source: IRIS | 04 Sep, 2018, 09.26AM
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State Bank (Q,N,C,F)* of India (SBI) announced special term loan for repair and renovation of homes to help the flood affected citizens of Kerala. Under this scheme SBI offers loan of upto Rs 10 lakh at a reduced interest rate of 8.45% per annum along with waiver of processing fee.

The special rate will be applicable for home loan applications for repair and renovation submitted on or before November 30, 2018.

There has been unprecedented damage of property in the State of Kerala during flood and the need of the hour is to repair and renovate residences to bring numerous lives to normalcy. To meet this crucial requirement SBI has customize this loan offering for urgent requirement of funds by the people of Kerala at minimal charges.

Shares of the bank gained Rs 3.6, or 1.17%, to trade at Rs 310.00. The total volume of shares traded was 0 at the BSE (9.03 a.m., Tuesday).

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