Private sector lender, Federal Bank has introduced a national auto loan hub at Marine Drive, Kochi. The auto loan hub will be a one stop solution for processing and sanctioning of auto loans on fast track.
With the central banking slashing its lending rate, Federal Bank also slashed its interest rates on auto loans to 10.45 per cent.
The central loan hub has started its operations and is currently handling all the applications from Kerala.
Federal Bank has laid an ambition of spreading its operations countrywide.