A leading private sector bank - federal bank has launched a special loan scheme for the women. The bank has rolled the loan product named ‘she Car’ Loan especially for the ladies.
This product will facilitate the women to access the car loan easily. It will be offering the women with car loan at the exclusive rates. The women will be provided with the concessional rate of 10.50% for the period of 3 years, 10.75% for the period of 3 to 4 years, and 11% for the tenure of above 4 years.
And for the two wheelers the rate charged for the women under this loan product will be 11%. Another advantage of this product is that along with the Federal Bank’s Mahila Mitra savings account, this product will offer an accident cover of worth Rs 5 lakhs.