Key Changes:
- Home Loan Rates: Reduced from 8.15% per annum to 7.90%.
- Vehicle Loan Rates: Reduced from 8.50% to 8.25%.
Benefits for Borrowers:
- Lower EMIs: The rate reductions are aimed at easing the financial burden on borrowers by lowering their monthly EMIs.
- Affordable Credit: The reduction supports Indian Bank’s goal to make credit more accessible and affordable for a larger pool of customers.
Additional Offers:
- Discounted Processing Fees: Indian Bank is offering a reduction in processing fees, making the loan application process more cost-effective.
- Zero Documentation Charges: There will be no documentation charges, further reducing the overall cost of borrowing.
Impact on Borrowers:
- The reduction in loan interest rates is likely to provide significant relief to both home and vehicle loan borrowers, especially in the current economic climate where affordability remains a key concern.
TH
