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SBI to refund home loan borrowers if builder delays project

SBI to refund home loan borrowers if builder delays project

Thursday, January 9, 2020, 3:05 PM

To give fillip to the real estate sector, India's largest lender State Bank of India launched a home buyer finance guarantee scheme under which the lender would refund the entire principal amount if the developer fails to deliver the project within the assured deadline. The refund scheme will be valid till the occupation certificate is procured by the builder.
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