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Tuesday, April 14, 2009

SBI extends special home, car loans till September

The country’s largest lender, State Bank of India,(SBI) has extended the deadline for applying special home loans and car loans at 8% rates to September 30, according to media reports.

The deadline for special scheme which was announced in February would have closed on April-end. SBI has extended the term till September and more and people can approach the bank of the home loan and car loans.

The bank has sanctioned home loans valued at Rs 2,360 crore within past couple of months under the special scheme and disbursal comprise 70% of that amount. The bank has also financed 20,000 cars in this period.

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