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  • Category: Miscellaneous

    Special home loan for the residents of Kerala

    All of us know that Kerala suffered from a devastating flood during the month of August, 2018. After the flood, it has been found that many residential buildings have been badly damaged due to the flood-water. State Bank of India (SBI) has announced a special loan for repair and renovation of homes to help the flood-affected people in Kerala. Under this scheme. SBI gives a home loan upto Rs 10 lakh at a lesser interest rate of 8.45% p.a. SBI also don't levy any processing fee on this loan. For this home loan, interested people may visit the nearest SBI branches (located in Kerala). The applicants from Kerala who will apply for this loan till 30th November, 2018 will be considered for this special home loan.

    Muthoot HomeFin is also offering special loans for the renovation and reconstruction of houses in the flood-affected areas. In this case, the deadline is 31st December, 2018.

    Interested people in Kerala may avail these opportunities to repair their damaged houses during the flood.
  • #653103
    This is a good initiative by the bank. It will be very much useful to the middle class and lower class people. At least in this initiative we can appreciate SBI as it has taken up a useful scheme to the needy.
    always confident

  • #653104
    This is a good step taken by SBI and Muthoot HomeF. The flood had damaged several homes and had many other belongings of the people. In such case, it's difficult for people to compensate that loss financially. As now banks are giving a loan on cheaper rates that will ease them. Hope most of the people will avail this facility.

    " The two most important days in your life are the day when you are born and the day you find out why? "
    – Mark Twain

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