Dena Bank slashes interest rates on personal, education & car loans segment
By Vaibhav Aggarwal
Sep 5, 2012
Print    Email    RSS   

The Mumbai based Dena Bank has brought down its interest rates for several products under its retail loans segment. It has slashed its rates for car loans, education loans and personal loans. The reduction in its interest rates have been introduced adhering to Finance Minister P. Chidambaram's advice to public sector banks to keep loans for buying consumer durables cheap and easy to access in order to restore demand in consumer durables sector.

For education loans, the rates have been cut by 2 percent and the new rate of 12 percent will be applicable in this segment. Earlier, the interest rate on education loans was 14 percent. For car loans, the interest rates have been reduced to 11 to 12 percent, a rate cut of about 1 to 1.5 percent. Earlier, the rates were 12.5 to 13 percent.

For personal loans, the interest rates have been slashed to 14 percent, down by 2 percent from the existing 16 percent. Similarly, for consumer durables loans, the new interest rate is also 14 percent. Earlier, interest rates on consumer durables loans were 16.25 percent.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Do rising NPAs reflect an ailing banking...
Know about Personal loan against fixed...
Bankers concerned on RBI loan recovery...
How far can new banking licenses be banked...
Manage your loans, avoid recovery agents

effective love spells Get back your lover...
HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive