"With the rising demand in affordable housing segment, this product aims to provide home finance to select target audience at better terms.
"The offering will help increase home loan eligibility up to 15 per cent within the regulatory norms," the top public lender said in a statement here.
Commenting on the tie-up, P.K. Gupta, Managing Director - Retail and Digital Banking, SBI, said: "Under the product, an applicant can avail higher finance based on the 'risk grade' of the borrower, by opting for IMGC default guarantee cover."
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
