NE BUSINESS BUREAU
AHMEDABAD, JAN 20
113-year-old cooperative major SVC Bank (SVC Co-operative Bank Ltd.) announced the launch of a nearly three-month-long new year and festive season Loan Mela across its 198 branches spread over in 11 states. The Loan Mela which commenced on January 6 would remain open till March 31, a bank release said.
According to the release, the bank would offer attractive rates on a host of products aimed at professionals, salaried individuals, micro, small, and medium enterprises (MSMEs) and end customers – especially loans in auto, home, personal and business verticals.
Commenting on the initiative, Sanjay Rajoria, DGM – Retail Distribution, SVC Bank, said, “Festive season is all about new beginnings, achieving one’s dreams and sharing happiness with friends and family. We believe such celebrations shouldn’t be dampened by the financial limitations of any kind. We are not only offering loans and rewarding products at highly competitive rates but also, making the process highly efficient and engaging – thereby reducing the turnaround time between request till disbursement. In doing so, we are continuing our brand assurance and credit quality – traits that have enabled us to remain a robust financial institution for more than 100 years.”
During this loan mela, Instant Gold Loan will be offered at 10.50% p.a. onwards and zero processing fee, Mortgage Loan/ Office Purchase Loans (10.50% p.a.), Home Loan/ Balance Transfer (8.20% p.a.), Doctor’s Loan (9.90% p.a.), Car Loan (8.90% p.a.), Education Loan (10.65% p.a.). The Loan Mela will also offer savings products with attractive rates, including fixed deposits (7.35% with 0.25% additional rate for senior citizens) and feature-rich customized current account (Current Account Silver Plus) and savings account (Classic Savings Account).
Any customer willing to avail the loans can simply SMS “LOAN” to 9820620454 or call on 18003132120.
