Federal Bank has pared interest rates on home loans by 25-50 basis points as part of its festival offer. The private lender has also decided to waive processing fees on car and housing loans during the festival period, which will expire on September 30, 2013.
"The loan festival has started from August 5, 2013...During this period the bank will offer a uniform concessional interest rate of 10.25% for all housing loans regardless of the amount and period of loans. Car loan rates start from 10.25%," the bank said in a statement.
