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Dena Bank reduces interest rate on tractor financing

The revised rate of Interest and waiver of Process Fee will be effective from 12th October, 2013 to 31st March 2014

October 15, 2013 9:04 IST | India Infoline News Service
Dena Bank on Monday said that it will reduce the interest rate on Tractor Financing to farming community for the benefits of agriculture sector.

The Bank will now offer a lower base rate of 10.25 per cent upto Rs. 100 lakhs. The interest rate has also been reduced by 100 basis points for above Rs. 3 lakhs to Rs. 10 lakhs and 150 basis points for above Rs 10 lakhs.

In addition, the Bank has also waived off the Process Fee on Tractor Finance.
The revised rate of Interest and waiver of Process Fee will be effective from 12th October, 2013 to 31st March 2014.

Last week, Dena Bank reduced the Interest Rates on its retail products such as home loans and car loans.


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