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State Bank of Bikaner & Jaipur offers in-principle home loan sanction via online process

10 Jan 2012 Evaluate

State Bank of Bikaner & Jaipur is providing in-principle sanction of home loans in about 20 minutes through online process. To attend to the customers on a 24/7 basis, bank has formed an integrated back-end processing facility, online business centre.

As part of the process loan-seekers should go to the portal, www.sbbjbank.com, and fill up an application, which takes about 20 minutes. The application is processed instantly if a customer is found eligible and the sanction letter with reference number appears on the screen instantly. 

The bank will call the eligible customers from the on-line business centre in Jaipur immediately to direct them to the branch of their choice/nearest branch to submit the relevant documents for further processing. It is offering home loan at 10.50% for amounts up to Rs 30 lakh and for loans upward of Rs 30 lakh, the rate is 11%.

Peers
Company Name CMP
State Bank Of India 954.00
PNB 109.90
Bank Of Baroda 231.75
Canara Bank 118.50
Union Bank Of India 168.00
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