Bank of India is set to launch an 8% home loan scheme from January 1, according to Mr. M. Narendra, Executive Director of the bank. The scheme will be open to the applicants from January 1 to February 28. Under the scheme, the bank would offer home loans at 8% for the first two years, after which floating rates would be charged.
Source: http://www.business-standard.com/india/news/boi-to-launch-8-home-loan-planjan-1/380523/
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