SBI’s Property Show 2023: Mark Your Calendar for December 1-3 at Hitex Exhibition Grounds!

Hyderabad: State Bank of India is the Market Leader and first choice for Home Loans. State Bank of India, having its presence with over 23000 branches across the country, has crossed 6.80 trillion mark in Home Loan Business. We are proud to state that the disbursements during the year crossed 1 Trillion to the Housing Sector.

Shri Rajesh Kumar, Chief General Manager, State Bank of India, Telangana explained the Home Loan portfolio that Hyderabad Circle is maintaining and recent initiatives.

Hyderabad Circle has a Home Loan Portfolio of more than 57000 cr., during the Current financial year, Bank has sanctioned 20636 Home Loans & Top Up Loans amounting to Rs.9300 crore in Telangana state and crossed Rs.8200 crore disbursements during the year.

The Bank is having dedicated 26 Central Processing Centres at all Centres in Telangana.

Hyderabad Circle is having Builder Finance Portfolio of Rs.700 cr as on date and during current financial year, Circle has added New Sanctions worth Rs.470 cr and disbursed 370 cr.

We have 620 projects under “Builder Tie-up” and in current FY, 162 builder tie-ups were approved and more projects are being considered under the ambit of “Builder Tie-Up to accelerate the Home Loan process. SBI has wide range of Products and the interest rates offered by us are very competitive and one of the lowest in the industry.

Our Bank has put in place various Digital Enablers such as YONO, OCAS (Online Customer Acquisition System), whereby, customers can apply Home Loans even without visiting Bank. We also have a digital product “Insta Top up Loan” in YONO for Housing Loan customers, who can avail a Top up loan with a click of button in our YONO app without visiting to the Branch.

To improve the Turn Around Time, Bank has introduced a new software called “Retail Loan Management Solutions”, whereby entire Sourcing & Underwriting Process is digitised. With this, our customers are not required to run around for obtaining Title Investigation Reports and Valuation Reports. Also, entire documentation process has been digitised in a new platform called “Document Management Solutions”.

Last year we conducted a similar Mega Property show and it was a thundering success. On the demand from the builder fraternity and public, we are very pleased to announce that the Property Show for this year will be held at Hitex Exhibition grounds on 1st, 2nd & 3rd of December 2023.

In this Mega Property show more than 70 big builders of Hyderabad city will showcase more than 600 of their ongoing and to be launched projects. By this, we aim to provide a one stop solution to the residents of Hyderabad for building their dream home. SBI will also offer Concessions in Processing fee and Interest rates to those who book their dream in this Property show. We request the people of Hyderabad to visit property show and choose their Dream home, and make the property show a grand success.