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SBI finds new paths for better sale of home loans

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With low profile of realty sale across the country the largest lending brand State Bank of India is gearing up for new strategy for their current and future balance sheet. Source available at www.propertykhazana.com reveals that on the occasion of new chief General Manager of the bank for the Chennai region – J Chandrasekaran, reveal their planning to fasten the housing loan proposals and along with this the bank also has merged with 12 developers to encourage the loan service for the best benefit of the buyers.
Here there was an exhibition to promote the finest product of the home loans to the customers and its other comfort ability. Further Chief General Manager states that as “the realty prices are coming down the ladder now it has become more optimistic to cover larger mass of home buyers through loan segments”. Source at www.propertykhazsana.com also reveals that the bank has also offered the spot formal sanction letter to some of the prospective buyers at the exhibition.
There was a satisfactory rise in the home loan segments for 2008 -09 amounting nearly Rs 1000 crore for the Chennai region. For the first quarter reading the bank has allotted home loan to around 1800 customers which amounts Rs 240 crore. This segment of reading basically revealed the budgeted loans in the bracket of Rs 30 lakhs that include 90 percent of the applicants. Most important scheme for all the applicants will the deduction of 0.25 percent lending rates from the fourth year without any processing fee as added by Chandrasekaran on www.propertykhazana.com.
Source: NBTVLIVE

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