Vijaya Bank offers concession in home loans' processing fee

NEW DELHI: The government-run Vijaya Bank is offering a 50 percent concession in the processing fee on home loans. Under the new scheme called "Home Utsav 2011" launched in Gurgaon Saturday, the bank has undertaken a number of steps to to boost its lending to the housing sector, a senior official said.

"Through this scheme, Vijaya Bank offers benefits such as 50 percent concession on the processing fee on the in-principle sanction of loans," said Harineesh Kumar, general manager of Vijaya Bank for the Delhi region.

"This is on the basis of documents submitted. There are a host of other benefits that buyers can look forward to in the two days of the mela," Kumar said.

The offer was valid for two days and closed Sunday evening.

Source: EconomicTimes