SBI launches many new schemes and offers on home loans

By Accommodation Times News Services

sbiState Bank of India largest nationalised bank in India has launched a new scheme for the home buyers, now the home buyers can opt for the loan within 10 days. Bank is also providing door step services.

SBI has named the initiative as ‘Project Tatkal’ this scheme will facilitate the buyers to receive home loan within 10 days, after completing all the necessary formalities like submitting relevant documents and receiving receipt of application form.

The implementation will be done at large centres with sizeable home loan business.

Recently, bank has launched many new schemes and offers they have waived off their processing fees and are charging lowest interest rates on home loans at 9.70% for women borrowers and 9.75% for others, irrespective of the loan amount.

They have also launched an enterprise- wide loyalty programme ‘State Bank Rewardz’ through which they will rewards their customers on timely payment of home loan EMIs. For this purpose bank has introduced a mobile app called ‘State Bank Rewardz’

The lender recently also introduced an online customer acquisition solution (OCAS) for instant e-approval of home loan applications.

State Bank of India has over three million home loan customers with a portfolio of over Rs 16,60,000 crore.

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