In FY14, SBI Bangalore Circle home loan sanctions up 20%
For 2013-14, The Bangalore Circle of State Bank of India (SBI) has crossed Rs 14,800 crore in home loans depicting 20% growth in sanctions during the year. Against Rs 4,000 crore in the previous fiscal, for the year, the Bank has sanctioned Rs 4,800 crore in home loans.
Ashwini Mehra, chief general manager, SBI alleged across the country out Of the total housing loan portfolio of Rs 1.40 lakh crore held by the Bank, the Bangalore Circle contributes 10.57%.
Rs 10,865 crore, alone has been contributed by Bangalore Metro. For handling home loan applications, In Karnataka, the Bank has 8 dedicated centralized loan processing cells, of which four are in Bangalore.
From April 26 in Bangalore, Associations of India (CREDAI) is organizing a two-day realty expo.Mehra said, from all over Karnataka More than 100 builders who are members of CREDAI are participating in the expo.
The State Bank of India will give on the spot in-principle approval to the prospective buyers, during the expo. For home loan borrowers and women customers will get a discount of five basis points, and the bank will charge lowest rate of interest at 10.10%.
Source: Business Standard
Ashwini Mehra, Bangalore, Bangalore metro, CREDAI, Home loans, Interest, Karnataka, State Bank of India, women
