SBI Home loan

Q: I read somewhere that SBI has increased their home loan. If it is so then how much they have increased?

Somesh Venkatesh, Bangalore

25th September 2013

Home Loan in Bangalore

home loan

bangalore real estate market

repo rates

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Bangalore Home Loan Home Loan in Bangalore

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Along with Bangalore, the bank has a strong presence in Tier-II cities also. Mysore and Mangalore are among the few which has witnessed some traction and a similar activity is expected to gain momentum in Belgaum. Hubli and Gulbarga are some of the cities where the bank has not left its mark and has not shown much traction. More than 90% of the home loan portfolios is pitched in by Bangalore. even though few investors are actually dwelling outside the city.

Yogendra, Bangalore

25th September 2013

Comment

Looking at the increase of number of residential projects in the city and the consistent demand of housing units, the SBI thinks that its move to increase the home loan portfolio is a valid one. Irrespective of the increase in repo rates, home loans will still be availed by borrowers and this will sum up to a target of Rs 2200 crore that is likely to meet the fiscal objective of the government.

Indrajit Kaul, Bangalore

25th September 2013

Comment

In comparison to other banking institutions, SBI takes the lead in the field of home loans.
As an attempt to rack up the figure of Rs 2200-crore target, the bank has made its processing center more firm and has future plans to come up with few more. After Banaswadi, Koramangala and Basavanagudi, the bank has plans to open up in Hebbal, Peenya and Yelahanka

Manjunath, Bangalore

25th September 2013

Comment

With the increase in Repo rates, home loans via SBI have become a pretty expensive venture. Along with new borrowers, existing ones also will feel the heat of increased repo rates by a rise of 10 basis points. Though the benchmark base rate have been revised from 9.75% to 9.8%, SBI still stands as the cheapest home loans provider among other financial institutions. This encourages the bank to increase its home loan portfolio.

Anusua Pillai, Bangalore

25th September 2013

On what grounds the bank thinks of increasing home loan portfolio by 22% in Bangalore is the right move?

Somesh Venkatesh, Bangalore

25th September 2013

Comment

One look at the existing potential of the housing sector of the city gives evidence to the fact that property buyers have a lot of interest in Bangalore’s realty market. Furthermore, statistics confirm that the Garden City is the next prime real estate destination in terms of volume, after Delhi NCR and Mumbai. This offers the absolute answer to the recent move by SBI(Bangalore).

Bhaskaran, Bangalore

25th September 2013

When the nation is yet to recover from the shock of increased Repo rates, the State Bank of India(Bangalore Circle) has made it to the headlines by declaring its plan to increase the home loan portfolio by 22% to contribute to Rs 2200 crore in the fiscal year.

Manjunath, Bangalore

25th September 2013

Comment

Home loans have become pretty expensive with the SBI, with the hike in benchmarking rates and redrawing of the pricing of retail loans. In addition to it, the bank has increased its deposit rates to accelerate fund mobilization

Indrajit Kaul, Bangalore

25th September 2013