ProMASS News
Agartala, August 25, 2019: In the wake of RBI announcement of the reduction of Repo-rate by 35 basis points, Tripura Gramin Bank has decided to slash interest rates of different loan proposals. Interest rates on Home loans, educational loans, personal car loans, Mudra loans and mortgage loans have been lowered. Moreover, rules relating to ‘Guarantor’ have also been relaxed. The new interest rates became applicable from August 19 last.
In a statement, chairman of Gramin Bank Mahendra Mohan Goswami said, the interest rate has been slashed by 0.4 percent in case of the 15-year long home loan – now interest stands at 8.60 (fixed) percent. For Home loans above 15-year period, the rate has been reduced to 8.90 percent. Similarly, the interest rate for home used for commercial purposes is cut by 0.55 percent. Besides, loan facilities for purchasing flats under Tripura Urban Planning and Development Authority (TUDA) are also available in Gramin Bank.
Goswami also said, interest rates for other loans like the educational loan, etc have also been accordingly lowered in varying rates.
