Home loan fair inaugurated

‘Find and fund your house’ is the motto of State Bank of Mysore’s Home Loan Utsav that opened here on Monday. A 50 per cent concession in processing fee is offered. Some 10 builders are showcasing their housing projects at the venue. If a visitor decides to choose one and seeks a housing loan for it, the bank would provide its home loan that takes care of furnishing, and registration costs, in addition to the cost of the house. The home loan can also be insured under ‘SBI Life’ for a one-time premium that is part of the home loan. Loans are available with a floating rate of 11 per cent interest. Actor Kumari Sachu inaugurated the utsav . The Bank plans to have two more home loan fairs that would be area-specific for the IT Corridor localities and in Anna Nagar. It is extending a concessional rate of interest and reduced processing charges to its customers for home loans till November 30, to mark the festival season. The fair is on till Wednesday at C.P. Ramaswamy Art Centre on Eldams Road.