CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following bank has launched credit facility against home loans for salaried customers.
A
Axis Bank
B
YES Bank
C
SBI Bank
D
ICICI Bank
Explanation: 

Detailed explanation-1: -Mumbai: ICICI Bank Ltd, India’s largest private sector bank by consolidated assets, announced the launch of a credit facility against home loans for salaried customers.

Detailed explanation-2: -1. Which bank takes the lowest interest rate on home loans? HSBC provides people with the lowest interest rate on home loans which range from 6.85% to 7.5 % p.a.

Detailed explanation-3: -Both residents as well as NRI borrowers are eligible to apply for the cashback home loan. Speaking on the launch, Mr. Anup Bagchi, Executive Director, ICICI Bank said, “ICICI Bank catalysed the growth of retail lending in the country by making home, auto and other retail loans widely accessible and affordable.

Detailed explanation-4: -SBI Home Loan is considered the best bank for Home Loan in India. Home loans from the State Bank of India have some of the most attractive and best home loan interest rates in India, starting at 8.55% p.a. A loan tenure extension option of up to 30 years guarantees a comfortable repayment period.

Detailed explanation-5: -SBI Home Loan is much sought after, thanks to its competitive interest rates and impressive turnaround times. The interest rates are as low as 6.95%. The Loan process is see-through and quick. Good repayment tenure that extends up to 30 years, makes paying back your Home Loan as easy as pie.

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