Central Bank of India

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BANKING

Central Bank of India launches attractive home-loan offers



Mumbai,Oct 24, 2012 :  Central Bank of India, one of the leading public sector banks in the country have come up with an attractive range of offers for the home seekers of 
Mumbai this festive season. It is for the first time, the bank is organizing a realty exhibition ‘Swapna Sankul-2012’ for prospective home buyers in the city.
Starting from October 26-27, 2012, the first exhibition of the edition will be held at Bombay Convention & Exhibition Centre, Hall 2A, Goregaon (E), Mumbai. The exhibition will be a one-stop solution with attractive deals and offers for the customers from the bank. At Swapna Sankul-2012, the customers will also get attractive deals from the prominent developers’ projects who will be participating in the show.
Sri Mohan V Tanksale, CMD, Central Bank of India, said, “For the first time, Central Bank of India is promoting the home loan segment on such a large scale. Housing is a major driver of the economic growth as it supports 189 other industries generating employment and boosting the GDP growth for the economy. Housing industry can get a fillip with attractive home-loan products and services to the customers. Swapna Sankul-2012 will create a win-win situation for both, the housing industry and customers.”
Central Bank of India will provide an array of options to buyers by extending ‘in-principal’ sanctions and housing loan at base rate of 10.50 per cent up to Rs 75 lakh. Further, the bank has waived off processing and inspection charges. The exhibition will be open for the prospective home buyers free of cost. Leading developers and builders including, Tata Housing, Godrej Properties, Lodha Dwellers and Bombay Realty etc. will showcase their projects with special offers to the customers.
Central Bank of India is a leading public sector bank and has a pan India presence through a wide network of more than 4,100 branches and more than 1,900 ATMs with a state-of-the-art technological platform. With a business over Rs 3,57,000 crore, the bank offers a bouquet of products both in bulk and retail segments of advances and deposits. With a retail lending portfolio of Rs 18,964 crore, as on September 30, 2012, Central Bank of India has posted a robust growth of 34% Y-O-Y basis. The bank envisages to become a major player in the retail lending segment in the years ahead.

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