State Bank of India Introduces Two New Home Loan Products

By Tricitynewsonline Reporter

Chandigarh 01^st August:- Continuing with the long standing tradition of introducing innovative Home Loan products, State Bank of India has introduced two new Home Loan products ‘SBI Privilege Home Loan’ for Government Employees and ‘SBI Shaurya Home Loan’ for Defence Personnel. Under the new schemes, employees of Central and State Governments, Defense Forces, PSBs, PSUs of Central Government and other individual(s) with pensionable service will be offered schemes tailored to their specific needs which help them to purchase a spacious and luxurious home without stretching their post-retirement finances. The key features, common across the twin schemes, are listed here under:

The launch of ‘SBI Privilege Home Loan’ and ‘SBI Shaurya Home Loan’ products is perfectly timed with the notification of 7^th Pay Commission recommendations by the Government. Surplus income can thus be utilized by Government Employees and Defence Personnel towards purchase of new and better house property.