The Shaurya Home Loan for Defence Personnel has been launched by which of the following banks?
[B]State Bank of India
State Bank of India
The State Bank of India (SBI) has recently launched cheaper home loan schemes for defence and other government employees with installment tenure extending up to 75 years of age. It will offer two new home loan products ‘SBI Privilege Home Loan’ for government employees and ‘SBI Shaurya Home Loan’ for defence personnel without any processing fee. Under the new SBI scheme, there will be a lower EMI burden post retirement and 0.05 % concession over the home loan interest for 7th Pay Commission beneficiaries.