SBI partners with Hampton Homes

Author(s): 
SBI partners with Hampton Homes

Ludhiana, August 14, 2019: Hampton Homes has tied up with State Bank of India for providing loans to buyers of apartments.

In an informal get together at Hampton Homes, Rajinder Kaushal Regional Manager State Bank of India and Vipin Kumar AGM Home loans handed over Project approval letter to Sanjeev Arora Managing Director Hampton Homes. Also present were Manager Sales, SBI Rajiv Chopra, Pawan Sharma Manager Accounts Hampton Homes, Amit Bajaj CEO Hampton Homes and Nitesh Garg Core Committee member of Hampton Homes.

Briefing the media persons, Rajinder Kaushal Regional Manager State Bank of India, said that Bank will provide loans up to 90% of Apartment Cost. Loans will be provided at new reduced Rate of interest of 8.05% as per new RBI guidelines. Loans will be available all over India in SBI branches. If documents are complete loan will be sanctioned in 3 working days. Loan can be applied online also.

Adding, he said all eligible buyers will get subsidy up to Rs. 2.67 Lacs under PMAY. They also informed that there is no legal expense involved in sanction of loan. SBI also has loan amount insurance policy for whole tenure with minimal premium.

It may be mentioned here that Hampton Homes which was launched on April 26th has got robust response from buyers. Sample Flat is ready for viewing and lot of families are visiting to see the same. Hampton Homes has launched 1872 apartments which are 2 BHK having super area of 984 sq. ft.

Date: 
Wednesday, August 14, 2019