Sundaram BNP offers home loans at 8.5% for flood-hit TN residents

Sundaram BNP Paribas Home Finance will be extending housing loans up to Rs 10 lakh at a reduced concessional interest rate of 8.50% per annum (fixed) to the flood-affected residents of Tamil Nadu to help them reconstruct, repair, renovate and upgrade their existing dwelling units, a press release from the company said.

This special scheme is valid for disbursements made till June 30, 2016. The tenor of the loan will be in the range of 3-7 years.

Earlier this week, the company had decided to waive overdue interest levied for any delay in payment of EMIs for the months of November and December for those customers who had paid EMIs due up to October 2015.

News source: The Hindu