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HYDERABAD: State Bank of Hyderabad has announced that it would organise a three-day annual festival, `Loan Utsavam-2005,' from September 23 at the Institution of Engineers here.

The event will be a one-stop shop for public, where builders, consultants, educational institutions, insurance companies, credit card issuers, mutual funds and automobile dealers will showcase their products and services.

In a press release here on Tuesday, the bank said it expects to book Rs 100-125 crore of business during the festival and expects over 20,000 visitors.

The in-principle sanction letters issued to eligible customers at the event will be valid for a period of three months in case of housing and mortgage loans and 45 days in case of other loans, the release said.

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