SBI offers up to 2 years repayment relief for home & retail loans, Real Estate News, ET RealEstate

MUMBAI: State Bank of India will provide relief to home and retail loan borrowers impacted by Covid-19 in the form of either a moratorium of up to 24 months or by rescheduling instalments and extending the tenure by a period equivalent to the moratorium granted. The moratorium period can be extended by a maximum of […]

1,000 buyers in fix as SBI puts clubhouse they paid for on the block, Real Estate News, ET RealEstate

CHENNAI: Around 1,000 residents of an apartment complex in Thirumudivakkam in the southern suburbs are in a spot, with State Bank of India putting up a club house on the premises for auction over a mortgage default. The residents paid Rs 1 lakh-Rs 1.5 lakh each for developing the club house as a common property, […]

Buyers to move SC after penalty relief for builders in Noida, Real Estate News, ET RealEstate

NOIDA: Homebuyers are all set to move the Supreme Court seeking refunds after it recently reduced the penalty imposed on builders by authorities in the twin cities for delayed payment from 20% to 7.3% as per the State Bank of India’s marginal cost of lending (MCLR). Buyers claim that any money refunded by the authorities […]

SBI cuts MCLR by 5-10 bps for shorter tenors, Real Estate News, ET RealEstate

MUMBAI: The country’s largest lender State Bank of India (SBI) on Wednesday said it has reduced its marginal cost of funds based lending rate (MCLR) by 5-10 basis points (bps) for shorter tenors from July 10. The reduction in MCLR for shorter tenors – up to three months – is aimed to boost credit off […]

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