Comments
Oriental Bank of Commerce on Wednesday revised lending rates on two-wheeler loans, bringing them on par with interest rates on car loans.
For repayment period of less than three years, two-wheeler loans will now be available at 10.75 per cent a year.
The lending rate has been pegged at 11 per cent a year for two-wheeler loans where repayment period is beyond three years, S.L.Bansal, Chairman & Managing Director, OBC, told Business Line .
OBC has also made a 25 basis point cut in interest rate on personal and consumer durable loans from 12.75 per cent to 12.50 per cent for Government employees.
For others, the lending rate has been reduced from 13.75 per cent to 13.50 per cent.
In the case of commercial financing of four-wheelers (taxis), the lending rate has been reduced from 12.25 per cent to 12 per cent.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.