State Bank of Patiala has extended the 8% Home Loan Scheme by a month, upto December 31. The Bank offers three schemes under ‘Home Loan Bonanza’ - SBP Hi-Five upto Rs 5 lakh fixed at 8 per cent for 5 years, SBP Easy Home Loan and SBP Advantage Home Loan wherein the interest rate is fixed at 8 per cent for the 1st year. There will be no pre-payment penalty if the customer opts to pre-pay the loan on reset date. However, normal processing fee is now levied.
Source: http://www.thehindubusinessline.com/blnus/17051920.htm
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