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StaffCorner

09 Oct, 2013 10:40 AM

PSU banks cut consumer goods, car loan rates

PSU banks cut consumer goods, car loan rates Within days of government promising more funds to PSU banks, two leading state-owned lenders PNB and Oriental Bank of Commerce (OBC) on Tuesday cut interest rate on auto and consumer durable loans by up to 2.50 per cent to cash in on festive demand.

Rate of interest on car loans has been reduced by over a per cent to 10.65 per cent on fixed basis, PNB said in a statement.

Similarly for two-wheeler, the interest rate has been slashed to 12.25 per cent while rate of interest on personal loans for purchase of consumer durables has been brought down to 12.75 per cent on fixed basis.

Read more @ http://timesofindia.indiatimes.com/business/india-business/PSU-banks-cut-consumer-goods-car-loan-rates/articleshow/23739823.cms



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