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THIRUVANANTHAPURAM: State Bank of Travancore will disburse home, car and two-wheeler loans at reduced interest rates during the festival season.

Accordingly, the interest rate for home loans of tenures of five to 20 years will be 7.25 per cent on floating basis, according to a statement from the bank.

The interest rate on loans for purchase of new cars, repayable within 35 months, has also been brought down to 8 per cent (9 per cent). For periods above 35 months, the rate will be 8.5 per cent (9.5 per cent).

For two-wheelers, the reduced rate during the season will be 10.5 per cent (11.5 per cent).Loans sanctioned between October 29 and November 30 will also get the benefit of reduced rates.

More Stories on : Public Sector Banks | Interest Rates | Kerala

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