Special home loan for the residents of KeralaAll 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.