Central Bank of India Further Slashes Interest Rates on Housing Loans
OREANDA-NEWS. February 20, 2012. Central Bank of
The Bank has now, as a salute to its over 3.5 crore customer base which has shown un wavering loyalty to the Bank for more than hundred years, has further reduced interest on housing loans making this product most competitive in the market. The reduced rates for housing loans up to Rs. 30 lacs, up to Rs.75 lacs and above Rs.75 lacs would now be 10.75%, 11% and 11.25% respectively. These rates will be effective from 20.02.2012 to 31.03.2012. No processing fees will be charged on these loans. The Banks wants to become market leader in the housing loan segment with this reduction in interest rate.