Wednesday, 8 January 2020

SBI to refund borrowers if builder delays project

State Bank of India (SBI) has launched a loan product that will protect home buyers financially against non-completion of projects that it has funded. The bank has introduced Residential Builder Finance with Buyer Guarantee (RBBG), which guarantees completion of projects funded by the bank to customers availing SBI Home Loans.

from Times of India https://timesofindia.indiatimes.com/business/india-business/sbi-to-ensure-completion-of-hsg-projects-it-finances/articleshow/73163429.cms
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