:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

HDFC RELAUNCHES LOAN-AGAINST-PROPERTY SCHEME

HDFC has relaunched its product-Loan against Property-that enables the clients to meet their immediate cash requirements by pledging their property.

HDFC will offer interest rates of 11.25 per cent per annum for loans upto Rs 1-crore and at 11 per cent for loans above Rs 1-crore. Loans will have a maturity upto 15 years, for both residential properties and non-residential properties.

Existing home-loan customers of HDFC are eligible for 60 per cent of the market value including the present loan outstanding, while all other customers are entitled to 50 per cent of the market value of the property.

The facility is available for all resident Indians who have a property of their own. The customer can make the best use of the present market value of his property by taking a loan against it and thereby get immediate financial assistance to meet a variety of needs.

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