Any one can get a
loan for not only buying a home. But, also for house warming.
Kerala based Federal
Bank had launched a new product “House Warming Loan” for its customers
(both existing & new) for meeting house warming & other related
expenses.
The loan will be
available on acquisition / or completion of house / or flat. The loan is
offered at 2% above the home loan rate.
The quantum of loan
can be up to 5% of the Housing Loan limit with a maximum of Rs. 2 lakh.
Mr. D. Sampath,
Additional General Manager and Head, Retail Business Department, said “The
timely help in the form of house warming loan to housing loan borrowers will
enable customers to conduct house warming functions without resorting to
raising short term loans at high rate of interest.”
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