SVC Bank brings cheer to home, vehicle loan borrowers by slashing rates
India’s leading urban co-operative bank SVC Bank (SVC Co-operative Bank Ltd.), formally known as The Shamrao Vithal Co-op. Bank Ltd., became the latest bank to cut its retail loan rates. The Bank has lowered the retail home loan and vehicle loan rates to 8.35 per cent per annum onwards & Loan against property to 10 per cent per annum onwards. The reduced rate is effective from October 1st, 2017.
Speaking about the rate reduction, Mr. Ajit Venugopalan, Managing Director, SVC Bank, said, “Dreams should have the means has been our thinking. With the reduction in rates, we wish to help our customers fulfil their dreams. And coupled with fast and personalised service our attempt is to make the offtake even easier. That’s why we say confidently – Aap ki Dreams – Hum Se Hai Possible.”