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After reducing interest rate on retail loans, public sector lender Dena Bank has decided to offer tractor financing at base rate to farmers to improve agriculture lending this festive season.
In addition, the bank also waived off the processing fee on tractor finance.The bank will now offer the tractor loans at base rate of 10.25 per cent up to Rs 100 lakh.
The revised rate of interest will be effective from October 12, 2013 to March 31, 2014.
Last week, the bank cut interest rates on home loan and auto loans.
Source: thehindubusinessline
In addition, the bank also waived off the processing fee on tractor finance.The bank will now offer the tractor loans at base rate of 10.25 per cent up to Rs 100 lakh.
The revised rate of interest will be effective from October 12, 2013 to March 31, 2014.
Last week, the bank cut interest rates on home loan and auto loans.
Source: thehindubusinessline
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