SBI Home Loan: State Bank of India, the country’s largest government bank, is preparing for major changes in the home loan rules. Let us know about it in detail.
If you are also a customer of State Bank of India, the country’s largest government bank, then this news is important for you. State Bank of India (SBI) is planning to make major changes in the rules of home loans given under green funding.
According to the information, SBI is planning to make rooftop solar mandatory in housing projects in its new rules. It is being told that in the coming days SBI will also bring it under the ambit of home loan. If this happens, then SBI (State Bank of India) will approve loans only to those projects in which the builder will install solar units on the roof of the houses of his projects.
Along with this, SBI (State Bank of India) will approve the solar plate expenses as well as the loan amount for the green funding personal home loan takers. According to an SBI official, in the coming time the bank is planning to make it mandatory for builders to install rooftop solar on their roofs. This can be made mandatory for home loan applicants as part of a bundled deal. This loan will be for a period of 10 to 20 years.
What is Green Funding Scheme?
According to the website of State Bank of India, the purpose of green funding is to emphasize on clean climate. This includes solar lights, solar lamps, solar panels, tree plantation, construction of bio-toilets etc.
Actually, the World Bank started ‘Solar Rooftop’ funding in the year 2016. In this way, the World Bank provides funds to different banks of countries around the world so that the campaign on clean climate can be linked.
