SBI to extend 8% home loan offer till March

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Updated: 06/11/2009 | 04:39 PM IST

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NDTV Correspondent and Agencies

Friday, November 06, 2009 (New Delhi)

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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.

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