By Tricitynews
Indore Jan.08, 2021:- Saraswat Bank, India's largest Urban
Co-operative Bank, slashed its interest rates on loans w.e.f. 15th December
2020, 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 discount on processing
fee, up to 100% finance and free NETC FASTag. These rate cuts and benefits
can be availed till 31st March 2021.
This step is 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.
Earlier in October, the Bank had extended concession
on major parameters like interest rate, processing fee, margin, etc. on some of
its loan products, on the festive occasion’s of Dussehra and Diwali, to benefit
customers. This was done to bring some relief to customers / end-users from the
ongoing economic slowdown due to pandemic. The recent revision in rates will
further add to this relief and extend economic flexibility and benefits to the
customers. The latest feather in the Bank’s cap is its recognition as the 2nd best bank in India in
the World’s Best Banks 2020 survey
conducted by the prestigious Forbes magazine
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