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Magicbricks teams up with State Bank of India to launch Big Bang Home Carnival

MUMBAI: The country’s largest lender State Bank of India and the No.1 property site Magicbricks on Friday announced the launch of the Big Bang Home Carnival, a month-long online housing carnival. The housing festival will showcase nearly 16,000 units, across 22 Indian cities and will culminate on March 9. 62 developers have come on board to showcase 97 projects while SBI is offering a host of loan deals in SBI and RERA Approved Projects.

“We are offering home loans at Zero processing Fee with an attractive interest rates and additional 20% loan for the young generation having age upto 45 years,” said P.K. Gupta, MD (Retail & Digital Banking), SBI. “The customers can get home loans pre-approved even before they decide the property to be purchased. To improve customer home loan journey we offer fast processing and door step document collection facilities. We hope to book good business during the Carnival.”

Under the Big Bang Home Carnival, many developers are also offering a host of exciting deals to customers ranging from international holidays, free car parking and club membership, cash discount up to Rs.350 per sqft, GST free registration, free modular kitchen and etc. Besides, SBI is also offering pre-approved home loans, flexi home loan (with 20% additional loan) and zero processing fees in SBI approved properties.

“We had received phenomenal response during the first edition in 2017 and this year Big Bang Home Carnival promises to better with a host of exciting offers and loan deals by SBI,” said Ritesh Mohan, Sales Head, Strategic Accounts, Magicbricks. “Over the last 12 months we have witnessed a significant pent-up demand on our platform as more and more buyers are searching for bigger houses in 2&3 BHKs segment. And with the government incentives, we hope this demand to translate into transactions with Big Bang Home Carnival.”

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