SBI offers low interest rate on home loans
State Bank of India (SBI) has offered an all-time low interest rate to its customers interested in investing in the sector.
SBI offers a low interest rate of 10.25 per cent for housing loans up to 30 lakhs and 10.4 per cent for amount above 30 lakhs, said Avinash Kumar, SBI chief manager.
A three day Property Show, organised by the Confederation of Real Estate Developers’ Associations of India (CREDAI), with association of the State Bank of India is being held at Trivandrum.
With availability of land going to be a key state-wide issue for urban Kerala, high rise apartment buildings are where the future housing sectors would be centered around. The real estate sector is a key factor in shaping the future of the state, that prompted SBI to be a part of the event.
Kumar said the move to bring down the interest rate was the best thing to for everybody concerned, adding that Trivandrum city is growing fast and with exciting scopes in future with the upcoming developmental projects.
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