Thursday, November 5, 2009

8% home loan scheme to stay: SBI

The country’s largest lender, State Bank of India (SBI), today said it has no plans to revise its most popular home loan scheme which charges 8 per cent interest for the first year.

The clarification comes amid media reports that SBI may withdraw the scheme from November 7.

When SBI launched the home loan scheme in February, it was applicable till April-end. However, the lender later extended the deadline to September, which was further extended with no deadline set for its closure.

Business Standard

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