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Wednesday, January 30, 2013

Federal Bank launches auto loan hub

Federal Bank has launched a national auto loan hub at Marine Drive, Kochi, as a single window for processing and sanctioning of auto loans on fast track.

The bank also slashed the interest rates on car loans to 10.45 per cent.

The auto loan hub is committed to speedy processing and will enable the bank to reduce turn-around-time to less than a day.

The central hub has started operations and is currently handling all applications from Kerala.

The bank proposes to spread its operations countrywide.

Source: thehindubusinessline


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