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1.1 cr loan disbursed for 25 cars

1.1 cr loan disbursed for 25 cars
Highlights

In order to increase the portfolio under MSME advances, Syndicate Bank has taken several initiatives like waiver of processing and documentation charges on four wheeler loans and financing transport operators up to 95 per cent on road cost, repayment up to 84 months, wavier of guarantor and reduction in the rate of interest.

In order to increase the portfolio under MSME advances, Syndicate Bank has taken several initiatives like waiver of processing and documentation charges on four wheeler loans and financing transport operators up to 95 per cent on road cost, repayment up to 84 months, wavier of guarantor and reduction in the rate of interest.

M Mohan Reddy (extreme right) handing over the vehicle keys

The bank observed ‘SyndTransport Week’ at various branches from December 8-13. As part of the week, regional office, Hyderabad, disbursed a loan of Rs 1.1 crore on Saturday under the ‘SyndTransport Scheme’ towards 25 cars. M Mohan Reddy, field general manager, handed over the keys of the car to the owners in the presence of M Prasad, deputy general manager.

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