SVC Bank kicks off festive season and a new year with Loan Mela


Offers a host of attractive offers across savings products and loans across 198 branches of the Bank across 11 states

January, 2020; Mumbai: SVC Bank (SVC Co-operative Bank Ltd.), one of the leading co-operative banks in the country, kickstarted the new year and festive season by organizing Loan Mela across its 198 branches in 11 states. With this Loan Mela, the Bank intends to take its lineage of 113 years to the next generation and aims to become their dream fulfiller. The Loan Mela would span nearly two months from 6th January 2020 till 31st March 2020. The Bank would offer attractive rates on host of products aimed at professionals, salaried individuals, MSMEs and end customers – especially loans in auto, home, personal and business verticals.

SVC Bank Loan Mela will offer host of products at attractive rates including Instant Gold Loan (10.50% p.a. onwards and zero processing fee), Mortgage Loan/ Office Purchase Loans (10.50% p.a. onwards), Home Loan/ Balance Transfer (8.20% p.a. onwards), Doctor’s Loan (9.90% p.a. onwards), Car Loan (8.90% p.a. onwards), Education Loan (10.65% p.a. onwards). The Loan Mela will also offer savings products with attractive rates including fixed deposits (7.35% with 0.25% additional rate for senior citizens) and feature-rich customized current account (Current Account Silver Plus) and savings account (Classic Savings Account). Any customer willing to avail the loans can simply SMS “LOAN” to 9820620454 or call on 18003132120.

Commenting on the initiative, Sanjay Rajoria, DGM – Retail Distribution, SVC Bank, said, “Festive season is all about new beginnings, achieving one’s dreams and sharing happiness with friends and family. We believe, such celebrations shouldn’t be dampened by financial limitations of any kind. Being a personalized bank, we are proud to announce the Loan Mela across our branches – to spread a little cheer in the lives of our customers. We are not only offering loans and rewarding products at highly competitive rates but also, making the process highly efficient and engaging – thereby reducing the turnaround time between request till disbursement. In doing so, we are continuing our brand assurance and credit quality – traits that have enabled us remain a robust financial institution for more than 100 years.”

The Bank has more than 10 Lakh customers across 198 branches in the country. The Bank recently revamped its salary savings and current account product lines. The Bank also recently relocated its International Banking Division to a new premise in Mumbai.





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