Allahabad Bank said borrowers will get an interest concession of up to 1 per cent on loans during the festival season, which it hopes will attract new customers.
While the interest rebate offered by the bank on housing loans under the floating rate scheme varies from 0.25 per cent to 1 per cent, new borrowers taking out loans under the fixed rate scheme will get a concession of 0.50 per cent to 1.75 per cent for a limited period, Allahabad Bank said in a statement.
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