With the festive season round the corner, the State Bank of India (SBI) is organising "SBI Loan Mahotsav Melas" at the City Centre, Salt Lake, from September 28 to 30, and at the Netaji Indoor Stadium from October 5 to 7. Home loans will be made available to consumers.
There will be a special discounted interest rate of 10.50 per cent on loans above Rs 5 lakh, against the normal interest rate of 11.25 per cent, and a 50 per cent reduction in processing charges.
SBI hopes to sanction loans worth above Rs 500 crore through the fairs, and expects the actual disbursement to be around Rs 150 crore.
Around 65 property developers will be participating in the fair.
Source:The Indian Express,27-09-07
