Wadhwa Group, SBI sign MoU for faster home loan service to homebuyers

Mumbai, December 14, 2021: Real estate developer The Wadhwa Group has recently signed a Memorandum of Understanding (MoU) with State Bank Of India (SBI) to enable an improved and more seamless experience for homebuyers.

Commenting on the collaboration, Navin Makhija, Managing Director, The Wadhwa Group said, “We are delighted to partner with State Bank of India to offer specially designed products to the customers. For our customers, it would mean more choice to avail innovative offerings, including attractive home loan rates and faster approvals while buying homes. This tie-up will cover our new and existing housing projects across key markets in Mumbai.”

A dedicated team will be allotted by SBI for each of the projects assigned by the developer. As part of the agreement, customers of SBI and The Wadhwa Group will be able to avail the benefits of faster processing of home loans and approvals along with other unique value add schemes. SBI has a special campaign going on up to 31st December 2021, wherein processing fees are waived and ROI rates have been reduced to 6.70% subject to CIBIL score of 800 plus score. SBI is providing only 5 days TAT for loan disbursement and there are no prepayment and part payment charges involved to the customers.