Mumbai: The country’s biggest lender bank in the country on Monday announced many offers for retail customers in front of the celebration season.
The bank has announced 100 percent neglect on processing costs for its car loan customers on all channels, said release, adding that customers can obtain facilities up to 90 percent on-road financing for their car loans.
Lenders also offer special interest concessions of 25 basis points (BPS) to customers who apply for car loans through Yono.
Yono (you only need one application) is a mobile banking application from the lender.
Yono users can take advantage of car loans with interest rates ranging from 7.5 percent per year, the release said.
Banks offer 75 BPS reductions in interest rates for customers who use gold loans.
They can use gold loans from all bank channels at 7.5 percent per year.
In addition, he has ignored processing costs for all customers who apply for gold loans through Yono, the release said.
For customer personal and retirement loans, lenders have announced 100 percent neglect in processing costs on all channels.
For Covid Warriors I.e, frontline health workers who apply for personal loans, 50 BPS special interest concessions have been announced.
This offer will soon be available for applications under a loan of cars and gold, he said.
The lender said it introduced an offer ‘platinum futures deposit’ for his retail depositors, to mark 75 years of independence.
Under the offer, customers can benefit interest benefits of up to 15 bps time deposits for 75 days, 75 weeks, and 75 months tenor starting August 15, 2021 to September 14, 2021.
“We believe that this offerings will help customers to help customers save more On their loans and at the same time add value to their lively celebrations, “Bank Implementing Director (Retail and Digital Banking) CS Setty said in the release.
Last month, the Bank has announced 100 percent neglect of home loan processing costs until August 31, 2021.
Home loan interest rates began at 6.70 percent.