Andhra Bank launches car loan campaign

Andhra Bank has launched a special package for four-wheeler loans with special interest rates and concession in processing charges.

The package, ‘New Year Car Campaign' will offer vehicle loans at 12.25 per cent for a repayment period of up to three years with a 50 per cent reduction in processing charges.

For loans above three years, the interest rate is 12.50 per cent.

The offer will be in valid till February 15, Andhra Bank said in a release.

On the deposit front, it had also launched ‘AbhayaFirst Wealth Pack'. The package will offer customers a savings bank account, a recurring deposit account, a group term insurance and unit-linked insurance.

The insurance products would be provided by IndiaFirst Life Insurance, the release added.

nagsridhu@thehindu.co.in