Private sector bank, HDFC Bank has elected to offer special personal loans to 3 customer groups viz. government employees, defense employees and teachers.
In a press release, the bank stated that these personal loans offered to these groups would be 3-4% below the current loan rates, which are 14.5%.
Moreover, a rebate in processing fees of 0.50% would be offered to the bank’s salary account holders. The bank’s standard processing fees are 2.50%.
In case of gold loans, a 2% rebate has been given by the bank.
But the offer is applicable till September 30.