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Sunday, October 13, 2013

Vijaya Bank slashes interest rates on vehicle, consumer durables loans

Vijaya Bank has reduced interest rate on vehicle loans and consumer durables.

The bank has slashed by 30 basis points to 10.75 per cent on four wheeler loans, interest on two wheeler loans is also reduced by 45 basis points to 10.60 per cent.

Interest rate on consumer durables for salaried class has been slashed by 220 basis points from 14.70 per cent to 12.50 per cent.

The Bank has already reduced home loan interest by 80 basis points. The current home loan interest under festive offer is 10.25 per cent for loans up to 75 lakhs and 10.50 per cent for loans above 75 lakhs. The interest rate concessions are effective from October 11.

Source: thehindubusinessline


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