Dena Bank scraps processing fee on home, auto loans till Dec31

Posted By: Staff
Subscribe to GoodReturns

Dena Bank scraps processing fee on home, auto loans till Dec
Dena Bank: Quotes, News
BSE 24.90BSE Quote0.35 (1.41%)
NSE 24.80NSE Quote0.25 (1.01%)
State-run Dena Bank has scrapped processing fee for housing and auto loans for a limited period till month-end.

The fee on personal loans and gold loans have also been halved, a statement issued here said, adding the offer is valid till the end of the month.

Apart from that, it will also be giving a 50 per cent concession in processing fee for trade finance scheme for credit facilities of up to Rs 2 crore, it said.

Doctors availing credit facilities of up to Rs 2 crore will also get to enjoy 50 per cent cut in the processing fee, the bank said.

At present, the rate of interest for the bank's housing loans range from 10.45 to 11 per cent, 11-12 per cent for auto loans, while personal loans come at 13-14 per cent, the statement said.

Demand from the corporate side has dried up due to gloomy economic conditions, which has forced bankers to shift focus towards the retail segment, where demand continues.


Read more about: dena bank, home loan, interest rates
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'