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SBI, Kotak Mahindra, PNB, BoB offer record low rates of interest on loans to cash in on festive cheer

17 Sep , 2021   By : monika singh


SBI, Kotak Mahindra, PNB, BoB offer record low rates of interest on loans to cash in on festive cheer

Indian banks are aggressively pushing loans for both home and gadget purchases at record low rates of interest, tapping into festive season optimism as demand gradually returns to pre-Covid levels in the broader economy.

While State Bank of India (SBI) is offering festive season home loans at 6.70% irrespective of loan amount, 

Kotak Mahindra

 NSE 4.49 ?nk has reduced rates to record lows of 6.5%. With outreach programmes scheduled to make a return in the first week of October, credit flow to productive sectors of the consumer economy is likely to increase further.



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