Andhra Bank has generated a business to the tune of Rs 40 crore in a two-day housing loan mela and property show held here on Jan 19-20.
According to a release, housing loans were offered at 10.50 per cent interest rate on loans for Rs 10 lakh to Rs 30 lakh while 10.75 per cent was the rate of interest for loan above Rs 30 lakh.
On-the-spot approvals were accorded for loan applications covering 169 branches of banks located in the two zones of the State capital during the event, Venkata Ramana Reddy, Director, Andhra Bank said.