MoneyWorks4Me

SBI, IMGC ink pact to offer mortgage guarantee backed home loan

20 Mar 2018 Evaluate

SBI has inked a pact with India Mortgage Guarantee Corporation (IMGC) to offer mortgage guarantee scheme for prospective non-salaried and self-employed home loan customers. The offering will help increase home loan eligibility up to 15% within the regulatory norms.

Under this product applicant can avail higher finance based on risk grade of the borrower, by opting for IMGC default guarantee cover.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.


Peers
Company Name CMP
State Bank Of India 940.65
PNB 115.50
Bank Of Baroda 234.10
Canara Bank 117.20
Union Bank Of India 172.95
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