Dena Bank cut its processing fee on home, auto, personal and gold loans till month end
Mumbai: State-run Dena Bank has scrapped processing fee for housing and auto loans for a limited period till month-end, reports PTI.
The fee on personal loans and gold loans have also been halved, a statement issued here said, adding the offer is valid till the end of the month.
Apart from that, it will also be giving a 50% concession in processing fee for trade finance scheme for credit facilities of up to Rs2 crore, it said.
Doctors availing credit facilities of up to Rs2 crore will also get to enjoy 50% cut in the processing fee, the bank said.
At present, the rate of interest for the bank's housing loans range from 10.45 to 11%, 11-12% for auto loans, while personal loans come at 13-14%, the statement said.
Demand from the corporate side has dried up due to gloomy economic conditions, which has forced bankers to shift focus towards the retail segment, where demand continues.