Pune, September 13, 2020: Considering the upcoming festive season and boost the economy, Indian Bank has launched festival bonanza for a home loan and vehicle loan. Festival season offer for a home loan and vehicle loans is linked with REPO rates -which will be effective from 01.09.2020 to 31.012021. Under the festive offer, customers can avail various concession in ROI, processing fees and other benefits including same-day sanction, hassle-free documentation and doorstep services.
Under the festival offer, following concession/relaxations have been approved: Concession in Rate of Interest by 0.10% from applicable Card Rate on Home Loans and 0.15% on Vehicle Loan Concession in Rate of Interest of 0.15% to Women borrowers under all Retail loan products 50% concession in processing charges on Home Loans -including Home Advantage, Ind AWAS, Home Enrich etc. for loans up to Rs 25 Lakh and 75% concession in the processing fee for loans above Rs 25 Lakh. 50% concession in processing charges on Plot Loans, Home loan Plus, Home loan Improve for loans up to Rs 25 Lakh and 75% concession in the processing fee for loans above Rs 25 Lakh 75% concession in processing fee on 4-Wheeler and 50% concession in the processing fee for 2-Wheeler.
The festive offer launched by Indian Bank is being active and organized in all the branches of Indian Bank across Pune Zone. Manish Kumar, Zonal Manager, Pune Zone has made an appeal to all customers for availing these benefits and save huge cost.