Home loan fair by SBI

Home loan fair by SBI
Statesman News Service

MALDA. ( India). Nov. 20. — The State Bank of India’s newly set up regional business promotion wing, organised a two-day mega home loan mela on 18 an 19 November at English Bazaar town considering growing demand of housing loans in Malda, after Siliguri in North Bengal.

The SBI officials said that the growing flat construction culture and housing schemes among the people, have forced the bank authorities to organise home loan fair here offering attractive deduction in its interest.

In Malda, the SBI has recorded business of Rs 12 crore in the housing schemes till October in this current financial year, said Mr Siddhartha Ray, the regional manager.

“If the interested persons after registration in the fair can fulfil the required criteria of the home loan schemes, the rate of interest will be 7.5 per cent with “daily interest calculation” not yearly or monthly,” said Mr Gautam Mukherjee, the chief manager SBI (personal banking).

The chief manager (CSC), Mr PK Bhattacharyya, said that the consumers would be able to enjoy overdraft facility here and there is no question of “hidden cost system” to make the accounts more transparent.

A group of promoters have already started talks with the SBI officials for housing schemes here.