Syndicate Bank cuts home loan rates
By Our Banking Bureau | 26 Feb 2002
1
Bangalore:
Syndicate Bank has dropped the interest rate on its housing loans
to 11.25 per cent for loans below Rs 10 lakh. A bank release said
for loans above Rs 10 lakh, the interest will be 11.75 per cent.
In
addition, the bank is offering floating rate loans linked to the
banks prime lending rates of 12 per cent. The bank is offering
a 0.5-per cent rebate for the prompt payment of instalments. This,
the
release
said, will make its lending rates the lowest in the industry.
