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Federal Bank has launched a woman-only car loan scheme called ‘she car.’ It offers women car loans at a concessional rate of 10.5 per cent for a 36-month tenure; 10.75 per cent for loan durations between 36 months and 48 months; and 11 per cent for tenures above 48 months. Two-wheeler loans for women are offered at 11 per cent. The she-car scheme comes as a combo offer with Federal Bank’s Mahila Mitra savings account, which offers an accident cover of ₹5 lakh.
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