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SBI, The State Bank of India is planning to extend its teaser home loan offer beyond September 30. Under the special scheme, the bank offers a fixed interest rate of 8 per cent in the first year and 9 per cent in the second and third year on home loans. Like other banks, SBI had already extended the scheme initially launched for three months several times with some modifications. The current offer is valid till September 30. However, since the scheme has received an overwhelming response, the country's largest lender may be looking at extending the teaser rates by few more months. The bank's home loan portfolio increased from Rs 57,513 crore at the end of June last year to Rs 74,669 crore as on June 30 this year. Other public and private banks may also follow suit once SBI confirms this.

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