Home loans made easy through online process

State Bank of India is the market leader and the first choice for home loans. It is having its presence with over 23,000 branches across the country and has crossed Rs 6.80 trillion mark in home loan business. The disbursements during the year crossed Rs 1 Trillion to the housing sector.
Rajesh Kumar, Chief General Manager, State Bank of India, Telangana, explained that the Hyderabad Circle is maintaining a home loan portfolio of more than Rs 57,000 crore during the Current financial year. The bank has sanctioned 20,636 home loans and top-up loans amounting to Rs 9,300 crore in Telangana State and crossed Rs 8,200 crore disbursements during the year.
The Bank is having dedicated 26 Central Processing Centres at all centres in Telangana. Hyderabad Circle is having Builder Finance Portfolio of Rs 700 crore as on date and during current financial year, the Circle has added new sanctions worth Rs 470 crore and disbursed Rs 370 ??ore.
“Our bank has put in place various digital enablers such as YONO, OCAS (Online Customer Acquisition System), whereby, customers can apply for home loans even without visiting the bank. We also have a digital product “Insta Top up Loan” in YONO for housing loan customers, who, can avail a top-up loan with a click of button in our YONO app without visiting to the branch,” he added.