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Provider: Thomson Reuters Stock Report
Provider: Wright Reports
Provider: Reuters Investment Profile
Provider: Acquisdata

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Canara Bank Ltd Launches Loan Scheme For Consumer Durables-Business Standard

Wednesday, 10 Oct 2012 01:10am EDT 

Business Standard reported that Canara Bank Ltd has introduced a new retail loan scheme, which provides for purchase of consumer durables like LED Flat Screen TV, Microwave Oven, Sofa set and many other articles a customer aspires for. This loan scheme is available to both salaried and non-salaried individuals for a sum up to Rs 1 lakh with a repayment period up to 36 months. Hypothecation of the durables will be taken as security against the loan amount. Under the scheme, the Company is offering 14.5% rate of interest and no processing fee is charged till January 31, 2013. 

Company Quote

-11.2 -2.88%
28 Aug 2014