Wednesday, January 6, 2010

SBOP extended home loan till Jan, 31, 2010

The State Bank of Patiala, following the other big players has announced that its home loan scheme has been extended up till January 31, 2010. The bank is offering 8% interest on its home loan scheme. Earlier the home loan scheme was available up to 31 December, 2009.

The bank is offering three schemes- SBP Hi-Five under this it has set interest rate at 8 per cent for a maximum of five years on up to Rs 5 lakhs, and the other schemes are SBP Easy Home Loan and SBP Advantage Home Loan in these schemes the bank is offering interest rate is at fixed rate of 8 per cent for the first year.

Bank will not charge any pre-payment penalty if the customer opts to pre-pay the loan on reset date.

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