Andhra Bank Offers Repayment Sop

Andhra Bank has decided to offer its prospective home loan customers a special incentive of 0.50 per cent in the rate of interest for regular repayments. This facility is available to customers availing of loans from the bank within the limited period of 45 days beginning October 4.

As part of its special housing campaign, the bank is offering a floating rate of 9.25 per cent for home loans repayable in less than 36 months. Andhra Bank has also announced that the benefits of the special campaign will be available to loans taken over by it from other banks/ institutions.

 

According to Andhra Bank general manager, Mumbai Zone, S P Ghosh the bank intends to disburse Rs 1000 crore in the 45-day period and the target for Mumbai zone is Rs 100 crore.