Saraswat Bank slashes interest rates on loans

New Delhi: Saraswat Urban Co-operative Bank cut its interest rates on loans with effect from on its major loan products like home loan, car loan, loan against property and gold loan. Under the Swastik Bonanza scheme, the bank, along with the rate cuts, has bundled additional benefits such as a discount on processing fee, up to 100 per cent finance and free NETC FASTag. These rate cuts and benefits can be availed till March 31, 2021.

These steps are taken as a measure to ease the current financial crisis prevalent in the market and enable customers to balance their credit requirements easily and conveniently. In the New Year, the slashing of rates will surely benefit customers in fulfilling their financial needs and prove economically feasible, the bank said in a release.

Earlier in October, the bank had an extended concession on major parameters like interest rate, processing fee, margin, etc.