Indian Bank’s festive campaign offers special rates to boost retail loan growth

Customers tin payment from involvement rates arsenic debased arsenic 6.80% per annum for location loans portion caller car loans are present disposable starting astatine 6.90% per annum for customers with a CIBIL people of implicit 750.

In a bid to boost retail assemblage indebtedness maturation successful the aftermath of upcoming festive season, Indian Bank connected Wednesday announced the commencement of its Utsav Dhamaka campaign. The run gives peculiar offers connected location loan, conveyance indebtedness and non-priority jewellery indebtedness products for retail customers. The run and each offers volition beryllium applicable till the extremity of 2021 crossed the country.

Highlights of the run see relaxation successful the rates of involvement for location loans, conveyance loans and jewellery indebtedness schemes on with a broad 100% waiver of processing charges.

Customers tin payment from involvement rates arsenic debased arsenic 6.80% per annum for location loans portion caller car loans are present disposable starting astatine 6.90% per annum for customers with a CIBIL people of implicit 750.

For non-priority jewellery indebtedness products, Indian Bank is offering loans for a tenure of up to 35 months astatine a fixed involvement complaint of 8% p.a for each categories of customers, including elder citizens. With specified charismatic lending rates connected offer, Indian Bank is aiming to bring much customers nether its fold, and supply a important boost to lawsuit assurance particularly successful the upcoming festive period, the slope said successful a release.

Vikas Kumar, GM, retail assets, said, “Being 1 of the largest PSU banks successful the country, Indian Bank has been astatine the forefront successful implementing measures and schemes intended astatine reviving the Indian system since the onset of the Covid-19 pandemic past year. With the upcoming festive play holding promise, we person launched the run with the nonsubjective of providing superior to retail customers for their depletion needs astatine charismatic involvement rates and worth add-ons.”