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Loan mela inaugurated

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All on a platter: Collector N. Mathivanan handing over an educational loan cheque to a borrower at a loan mela organised by State Bank of India in Madurai on Friday.
All on a platter: Collector N. Mathivanan handing over an educational loan cheque to a borrower at a loan mela organised by State Bank of India in Madurai on Friday.

Special Correspondent

A discount is on offer on the rate of interest for loans

MADURAI: ‘Rainbow mela,’ organised by the State Bank of India to provide hassle-free sanction of all forms of loans under one roof, was inaugurated at Madurai District Tiny and Small Scale Industries Association Hall here on Friday by the District Collector, N. Mathivanan.

All types of loans

The mela has been organised to provide education loans, farm loans, home loans, vehicle loans, mortgage and reverse mortgage loans and loans for self-help groups.

Exhibition

There is also an exhibition showcasing the different activities of the bank and its services.

There is a discount on offer on the rate of interest normally charged for a loan.

For example, home loans are offered at eight per cent interest.

Customers can produce the required documents and avail themselves of the loans.

The loan mela will be open till Sunday.

More details about the offers can be had from 98949 52327 and 98949 52329 for home loans; 99524 12715 and 99524 23712 for car and education loans and 99524 12713 and 99524 12717 for small and medium enterprise loans.

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