The Repco Bank, under Union Home Ministry, is holding a secured loan campaign on December 1 at its branch situated along Kumaran Road in the city.

P. Sekar, deputy general manager, Repco Bank, told reporters here that credits meant for business development, construction of commercial complexes, and loans for personal purposes would be disbursed during the event, which would be held from 10 a.m. to 4.30 p.m.


The customers should bring documentary proofs for residential address, income, and personal identity, and records for collateral security.

The applicants would be given on-the-spot in-principle sanction for the loans based on the assessments of the applications and other documents.

The bank would offer a concession of 50 per cent on service charge for proposals selected during the campaign.

Mr. Sekar said that gold loans up to Rs. 2,300 a gram could be obtained by customers from the bank on all working days.


For details, contact the bank officials in person or over telephone: 94443-94960.