Kochi: Federal Bank has announced festival offers for Home Loans and Car Loans. The offer is up to December 31, 2015. All Home Loan and Car Loan borrowers availing the loan during this period will get 50% concession in Processing Fee.
According to a press note from the Bank, the offer is extended to the Home Loan Overdraft product – Home Extra Gain also. Bank has also come out with 100% top up loan on existing housing loans. Customers who opt for switching their home loans with other banks / financial institutions to Federal Bank can also avail this offer.
The Bank has also declared 1% interest concession for the first 1,000 customers who avail, Fed-E-Credit, the bank’s new online loan against term deposits. Fed-E-Credit is available to Non Resident customers also.
“Festival season is auspicious for buying a home or a car. During this time we normally find increased demand for home loans and car loans. The announced offers are our gift to the customers during this festival season. We expect a good number of logins pan India”, said Babu K A, Head – Retail Business, Federal Bank.
Kerala Biz News