Source:BL Bureau,Thiruvananthapuram, May 11,2010
State Bank of Travancore (SBT) has extended the period of the Aiswarya Home Loan Scheme until June 30.
According tor the scheme, loans availed during the period would be charged at the rate of eight per cent (fixed) for the first year, nine per cent (fixed) for the next two years for loans up to Rs 30 lakh and 9.5 per cent (fixed) for loans above Rs 30 lakh.
The applicable rates for these loans thereafter would be 2.50 per cent below prime lending rate (floating) for loans up to Rs 30 lakh and two per cent below PLR for loans above Rs 30 lakh.
A minimum amount of Rs 5 lakh and a maximum of Rs 30 lakh are available under the overdraft scheme. Under the term loan scheme, the maximum available amount will be Rs 3 crore in the urban-metro areas and Rs 50 lakh in the rural semi-urban areas.
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