John Wilbert
Port Blair, Feb 24: Malik Infrastructure (I) Pvt Ltd, one of Andaman’s leading class one contractors, has partnered with the State Bank of India (SBI) to provide easy access to loan facilities for the general public. The partnership will offer unsecured loan financing for education, home, car loan finance scheme and provide working capital for channel partners.
At a press conference held today at the office of Malik Infrastructure (I) Pvt Ltd in Junglighat, Mr. Arun Singh Malik, the Managing Director of Malik Infrastructure (I) Pvt Ltd, introduced the partnership with SBI.
Mr. Malik, who has 30 years of experience in the construction field and has constructed more than 400 private houses and many government buildings in the defense sector, emphasized the need for easy access to loans for Andaman’s residents.
He explained that thousands of people in Andaman have faced constraints in accessing loans as they have always operated in an informal environment and have no idea how to avail the benefit of loans from SBI. Malik Infrastructure (I) Pvt Ltd will help them get loans in the easiest way possible, and Channel financing comes with nominal interest rates and no hidden charges.
Mr. Malik detailed the various loan options available, including personal loans at 10.2%, home loans at 8%, car loans at 9%, and education loans at 4%. He highlighted that the company became a channel partner with SBI, and within a few days, more than 25 people had contacted them to avail of the loan facility.
Malik Infrastructure (I) Pvt Ltd will help consumers with the valuation process, PBMC home plan pass, and other processes to build their dream home. Mr. Malik also requested SBI to increase the home loan period from 20 years to 30 years, and SBI agreed to the request immediately.
