Wednesday, October 9, 2013

Dena Bank Reduces Interest Rates on Retail Products

Dena Bank Reduces Interest Rates on Retail Products

Mumbai : October 9, 2013:  Bank Reduces Interest Rates on Various Retail Loans. Bank has decided interest rate on Housing Loan at base rate i.e.10.25% upto Rs.100 Lacs. Housing Loan above Rs.100 Lacs will be offered at the interest rate of 10.50%.

Bank has also offered combo Loan of Car Loan and Consumer Durable Loan with Housing Loan.   Car Loan with Housing Loan will be offered at 10.25 % upto the limit of Rs.100 Lacs and at 10.50% above Rs.100 Lacs.

Bank also offers Consumer Durable Loan along with Housing Loan at 11.75%.

For consumer loan, in case of tie-up under Corporate Salary Scheme rate of interest has been reduced by 100 basis points i.e. from 13% to 12%.

Rates on Car Loan without the Combo Offer has also been reduced by 100 basis points i.e. from 12% to 11%.

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