Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

SBI, LIC Housing Offer Concessional Home Loan for Flood-affected Kerala

State Bank of India (SBI) will offer the special term loan at 8.45 per cent for borrowings up to Rs 10 lakh for repair and renovation of homes for Kerala Flood victims.


Updated:September 3, 2018, 9:33 PM IST
SBI, LIC Housing Offer Concessional Home Loan for Flood-affected Kerala
Image for representation.

New Delhi: SBI, LIC Housing Finance and Muthoot Home Monday offered loans at concessional rate for repairing and renovation of homes to help people in flood-affected Kerala.

State Bank of India (SBI) said it will offer the special term loan at 8.45 per cent for borrowings up to Rs 10 lakh for repair and renovation of homes for flood-affected victims in Kerala.

The bank will levy no processing fee on such loans. The special rate will be applicable for home loan applications for repair and renovation submitted on or before November 30, 2018, SBI said.

LIC Housing Finance will offer loans up to Rs 15 lakh at a concessional rate of 8.5 per cent under Kerala Flood Scheme.

Under the scheme loan up to Rs 15 lakhs will be extended for properties located in the flood affected areas of Kerala for the purpose of reconstruction, repair, renovation or up-gradation of dwelling units, LIC Housing Finance said in a statement.

Customers can apply for loan till October 31. Also as a relief for its existing customers, the company has decided not to levy any additional charges arising due to late payment of EMI for the month of August and September 2018, it said further.

All ancillary charges resulting from such late payments and recovery charges also have been waived till September 2018.

Muthoot HomeFin, subsidiary of Muthoot Finance, under its Punarnirman Kerala, will offer special loans for the renovation and reconstruction of houses in the flood affected areas.

The loans up to Rs 10 lakh will be processed with easy documentation and for longer tenure, the company said.

The scheme is valid till December 31, 2018. The maximum loan term shall be for a period of 20 years, Muthoot HomeFin said.

PMAY (Pradhan Mantri Awas Yojana ) subsidy is also available for eligible cases, it added.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

| Edited by: Naqshib Nisar
Read full article
Next Story
Next Story

Also Watch

Most Active
Company Price Change %Gain
Yes Bank 59.25 5.24
Indiabulls Hsg 467.85 3.84
Reliance 1,275.85 2.33
HDFC Bank 2,162.70 -0.52
ICICI Bank 395.40 -0.93
Company Price Change %Gain
Yes Bank 59.25 5.24
ICICI Bank 395.75 -0.85
Indiabulls Hsg 467.90 4.00
Bajaj Finance 3,175.35 1.85
Reliance 1,275.95 2.36
Top Gainers
Company Price Change %Gain
Zee Entertain 351.15 6.75
Vedanta 137.40 6.47
UPL 547.25 5.64
Yes Bank 59.25 5.24
BPCL 329.35 5.22
Company Price Change %Gain
Vedanta 137.50 6.55
Yes Bank 59.25 5.24
ONGC 122.30 4.66
M&M 533.10 4.09
Coal India 188.05 4.07
Top Losers
Company Price Change %Gain
IndusInd Bank 1,310.50 -1.88
ITC 236.10 -1.65
ICICI Bank 395.40 -0.93
Eicher Motors 15,383.45 -0.90
HUL 1,860.00 -0.65
Company Price Change %Gain
IndusInd Bank 1,310.35 -1.90
ITC 236.00 -1.71
ICICI Bank 395.75 -0.85
Power Grid Corp 201.40 -0.69
HUL 1,859.35 -0.69

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results