After most public sector banks which are offering home loans at base rates, today private sector Federal Bank also announced its home loan scheme at base rate. In the scheme which is valid till 18 October, the bank will offer home loans at 10.45% which is the banks base rate.
“The bank has rolled out several offers which also includes, additional discount of 1% on the gold coins purchased through it,” spokesman of the bank said.
“We will think of extending the schemes further,” he further added.
It also launched loan scheme linked to recurring deposits, in which customer after one year of opening of recurring deposit account can avail a loan on it. It is the first of its type scheme, the bank said in a statement.
Federal Bank has a branch network of 1,010 branches and 1,100 ATMs.
