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Our Bureau

Kolkata , Nov. 9

United Bank of India has signed an MoU with the West Bengal Government for extending home loans to government employees.

Housing loans will be available to those who have completed at least one year's continuous service in a regular post. The quantum of loan will vary depending on the purpose. For purchase of a house, for instance, a loan up to 75 times of an employee's basic pay will be provided.

Initially, loans will be sanctioned from 15 link branches in Kolkata and 56 link branches in districts, a press release issued here has mentioned.

The bank has introduced `United Griha Suraksha Scheme', through which insurance coverage is provided, it has pointed out. The agreement, it expects, will help strengthen its retail loan portfolio.

More Stories on : Housing Finance | Public Sector Banks | West Bengal

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