The Hindu Business Line : Housing finance in focus

KOLKATA: Allahabad Bank will observe housing finance month from February 15 to March 15 to step up housing finance loans through its retail boutiques.

The bank has also announced attractive schemes for this purpose. Thus, the rate of interest on housing loan up to Rs 10 lakh has been reduced to 11.5 per cent per annum, which is less than the bank's prime lending rate, repayable in 180 EMI of Rs 1,165 per Rs 1 lakh of loan.

There will be no processing fee and no margin under salary tie-up.

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