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THIRUVANANTHAPURAM: Indian Overseas Bank (IOB) is organising a `loan mela' in Kerala from October 10 to October 30, said an official press release.

During this period, loans will be sanctioned for a range of purposes including purchase of houses and apartments, house construction, purchase of vehicles such as cars and two-wheelers, loans for doctors and purchase of hospital equipment and so on, the release added.

The interest rate on loans sanctioned during this `loan mela' will be 0.25 percentage point lower than the existing rates, the release stated. Loans sanctioned during this `mela' will also enjoy several other benefits including the waiver of processing charges, free ATM cards, the release added.

More Stories on : Public Sector Banks | Kerala

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