SBI to extend 8% home loan offer till March
The biggest lender of the country said that it will extend the 8 per cent home loan scheme till 31 March, 2010. The scheme was originally supposed to end on November 7 and there were reports that the bank might withdraw the special home loan offer.
The bank had earlier introduced a special offer at 8 per cent fixed interest rate for loans up to Rs 5 lakh for five years. It also offers loans up to Rs 50 lakh at 8 per cent for the first year and at 8.5 per cent in the second and third years.
The bank has announced a cut in its deposit rates by 25-50 bps from November 9.