Following the suit of big players State Bank of Mysore has also extended its two home loan schemes till March 31, 2010. Currently bank is offering fixed rate of 8% for the first year under its two schemes - “Easy Home Loan” and “Advantage Home Loan”.
However, from this month bank will be charging processing fee, a source in the bank’s personal and services banking department said. The scheme was set to expire on November 30.
The sources said, “All other banks have extended their schemes and we have also extended our festival offer. We are witnessing steady demand for home loans as buyers are now looking at investing their funds in buying property”.
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