SBI allocates Rs 100 crore for Home Loan

Vellore, Tamil Nadu, Oct 7 (UNI) State Bank of India (SBI), Vellore main branch would allocate Rs 100 crore for Home loan assistance to the customers in this financial year.

Talking to newspersons here, M R Manoharan, Dy General Manager, SBI, said the bank would organise a two-day special Home Loan function starting here today. The bank has decided to sanction 90 per cent loan under the scheme, he added.

Mr Manoharan said last year the bank has sanctioned Rs 58 crore as Home loan. Free accident insurance scheme would be provided by the bank, he added.

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