Recently Syndicate bank celebrated the ‘Synd Tranport week’. As the part of this synd transport week the bank distributed Rs 1.10 crores loans for 25 cars under the ‘ Synd Transport scheme’.
This was organized at the various branches of the bank from 8th December to 13th December 2014. With the perspective to increase the car loan portfolio of the bank the bank has handed over the keys of the car to the car loan borrowers. The field manager of the bank in the presence of the M Prasad, deputy general manager gave away the keys to the car loan borrowers.
Under the scheme there was waiver on the processing fee and documentation charges for the four wheelers and repayment is up to 84 months.