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Tuesday, September 4, 2012

Allahabad Bank lowers interest rates on retail loans

Allahabad Bank has lowered interest rates and slashed the processing fee on retail loans as a part of its festival scheme.

Under the scheme, the bank would offer up to two per cent discount on interest rate on its housing loans and loans for house furnishing.

The bank has also announced up to 25 basis points rebate in interest rate on AllBank Dream Car.

According to a press statement, the bank has offered up to 100 per cent rebate in the applicable processing fee on AllBank Commercial Vehicle Finance scheme.

It has further announced a rebate of up to 50 per cent in processing fee on housing loan, premium home loans for high networth individuals, car and personal loans.

The festival scheme would be applicable to loans sanctioned between September 1 and December 31, the release said.


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