Date:27/09/2006 URL: http://www.thehindu.com/2006/09/27/stories/2006092704602002.htm

Business - Briefly

Allahabad Bank offers rebate on retail loans

CHENNAI: Allahabad Bank is offering a festival rebate of one per cent on retail loans. The rebate offer is available October 25, according to a bank release. The concession is applicable for car loan, saral loan for salaried persons, personal loan to pensioners and doctors, loan for purchase of two wheelers, trade loan scheme, savings bank overdraft account and loan against rent receivables. The bank offers an interest rebate of 0.50 per cent upto a housing loan amount of Rs. 10 lakh and 0.75 per cent on loan amount of above Rs. 10-20 lakh as part of the festival offer upto December 31.