Syndicate Bank Gives Car Loans

Published: 15th December 2014 06:03 AM  |   Last Updated: 15th December 2014 06:03 AM   |  A+A-

HYDERABAD:  The regional office of Syndicate Bank has disbursed Rs 1.10-crore loans for 25 cars under the ‘Synd Transport Scheme’ as part of its ‘SyndTransport Week,’ at various branches between December 8 and 13.

M Mohan Reddy, field general manager, handed over the keys to car loan borrowers in the presence of M Prasad, deputy general manager. In order to increase Syndicate Bank’s portfolio under MSME advances, it has waived processing and documentation charges on four-wheeler loans, financing transport operators up to 95 pc on road cost and repayment up to 84 months.


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