In a bid to enhance retail sector loan development in the wake of upcoming festive season, Indian Bank on Wednesday announced the commencement of its Utsav Dhamaka campaign. The campaign provides particular provides on home loan, car loan and non-priority jewellery loan solutions for retail prospects. The campaign and all provides will be applicable till the finish of 2021 across the nation.
Highlights of the campaign involve relaxation in the prices of interest for home loans, car loans and jewellery loan schemes along with a blanket one hundred% waiver of processing charges.
Customers can advantage from interest prices as low as 6.80% per annum for home loans even though new vehicle loans are now offered beginning at 6.90% per annum for prospects with a CIBIL score of more than 750.
For non-priority jewellery loan solutions, Indian Bank is providing loans for a tenure of up to 35 months at a fixed interest price of 8% p.a for all categories of prospects, such as senior citizens. With such desirable lending prices on offer you, Indian Bank is aiming to bring more prospects beneath its fold, and provide a important enhance to client self-assurance in particular in the upcoming festive period, the bank stated in a release.
Vikas Kumar, GM, retail assets, stated, “Being one of the largest PSU banks in the country, Indian Bank has been at the forefront in implementing measures and schemes intended at reviving the Indian economy since the onset of the Covid-19 pandemic last year. With the upcoming festive season holding promise, we have launched the campaign with the objective of providing capital to retail customers for their consumption needs at attractive interest rates and value add-ons.”