Mumbai: State-owned Dena Bank has reduced
home loan rates for new customers as part of festival offer.
Loans up to Rs 30-lakh will now be given at 8 per cent
for the first and second year as against 9.75 per cent
earlier.
From the third to fifth year, the rate has been fixed at
9.5 per cent, the bank said in a press release issued here.
For loans above Rs 30-lakh, the rates have been reduced
to 8.5 per cent for the first two years. From third to fifth
year, the rate will be fixed at 9.5 per cent.
From the sixth year on wards, borrower will have an
option to choose either fixed or floating rate of interest,
the bank said.
In floating category, the rate of interest will be 2.25
per cent below prime lending rate for loans below Rs 30-lakh
and 2 per cent below for loans above Rs 30-lakh, it said.
New customers, availing loans between September 14, 2009
to November 30, 2009 will benefit from the offer.
Bureau Report
First Published: Friday, September 11, 2009, 19:43