SBI set to extend teaser rates

Sep 30, 2010 |

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New Delhi, Sept. 29: The country’s largest lender State Bank of India on Wednesday said it will extend its 8 per cent concessional home loan scheme, popularly called teaser rates, by another 3 months till December.

“We will extend it(concessional home loan scheme) till December,” SBI chairman, Mr O. P. Bhatt, said on the sidelines of an event to launch Para Military Salary Package here. The popular home loan and car loan schemes by State Bank of India was due to expire on September 30. Mr Bhatt’s comments came close on the heels of HDFC relaunching its teaser rates and its chairman, Mr Deepak Parekh’s announcement that the schemes were going to stay permanently.

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