The foreign lender
Citibank had introduced a referral programme for its customers in India. Under
this programme, a Citibank customer is eligible for cash rewards if he /she can
convinces his / her friend, associate or family member in taking a home loan
from the Citibank.
Mail to Customers..!
Regarding this
customers referral programme, the bank sent a mail to its customers.
The mail is -
"We hope you have been enjoying the exclusive benefits of being a Citibank
customer. You can now share this joy with your friends, close associates
or / relatives and as a token of our
appreciation you will get rewarded for it"
Citibank is offering
cash rewards up to Rs. 75,000 depending on the amount of loan disbursed.
The move is part of
the Citibank's strategy to improve demand for its retail lending products in
India.
Citibank currently
offers housing loans, loan against securities, loan against fixed deposits,
credit cards & personal loans to its retail customers here.
Special
Schemes on Home Loans..!
In the current
uncertain economic environment, secured retail loans are gaining popularity
among banks. Many private banks have also introduced special schemes on housing
loans in recent months.
The largest private
lender in India, ICICI Bank, has introduced a new housing loan product
that will offer borrowers cashback on every EMI (Equated Month Instalment)
for the entire tenure of the home loan.
The ICICI Bank is
also offering its clients the option to renew their fixed rate loans for
tenures of two (2), three (3) or / five
(5) years at a zero conversion fee within 30 days of completion of the initial
fixed rate tenure.
One of the leading
private lender Axis Bank, which aims to increase the share of retail
loan portfolio to 30 % by 2015 from 26 % now, has also launched a special
scheme for its housing loan customers.
The Axis Bank has
introduced a new housing loan product where the borrower will not have to pay
the last 12 EMIs if he/ she has been repaying money on time. The product,
'Happy Ending Home Loan', is offered to new borrowers at the same rates as a
regular floating rate housing loan product of the bank.
Src: Business
Standard, Somasroy Chakraborty, Kolkata
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