Bank of Rajasthan slashes home loan rates to 7.50 per cent
Posted by paragjani on November 14, 2009
Bank of Rajasthan, one of the oldest, technology driven and customer friendly private sector bank, has announced reduction in interest rates on home loan under “Apna Ghar Scheme” with effect from 09.11.2009.
Mumbai, Maharashtra, November 13, 2009 /India PRwire/ — The rates have been cut for the home loans up to Rs. 30 lakhs and over Rs. 30 lakhs at floating interest rates.
For housing loans up to Rs.30 lakhs, the floating interest will be charged at the rate of 7.50% per cent for the first year, 8.50% for the second and third year and 8.75% for 4th year & onwards, which is applicable for all maturity periods on the fresh loans.
For housing loans of above Rs.30 lakhs, the floating interest will be charged at the rate of 8.00% for the first year, 9.00% for the second & third year and 9.75% for the fourth year onwards, for all maturity periods.
About Bank of Rajasthan
Established way back in 1943, Bank of Rajasthan is one of the fastest growing private sector banks in the country, which has made rapid strides by making consistent profits for past several years. With a wide network of 463 branches in the entire length and breadth of the country, Bank of Rajasthan has emerged as one of the largest private sector banks in the country. The bank has made tremendous and historical progress during the last few years. The Bank has over 2 million customer base and offers ATM facilities at over 53,000 ATMs of all banks across the country. All the branches of bank spread over 286 cities across India in 22 states and 2 union territories are offering online services. The bank has covered 125 cities in Rajasthan alone.
Financial Highlights of Bank of Rajasthan
The bank had maintained its growth in net profit for the previous financial year 2008-09 as well. The net profit of the bank increased to Rs. 118 crore for the year ended March 31.2009 as against Rs. 115 crore for the previous year.
Source:http://www.indiaprwire.com/pressrelease/financial-services/2009111337514.htm
