SLBC arranges loan mela in Rajamahendravaram

Rajamahendravaram: Indian Overseas Bank (IOB) senior manager Vicci Kumar has said that the bank was playing pivotal role in economic development of the country and implementing the schemes as per the directions of the central government from time to time.

The bank has arranged stalls of its four branches in the city in the loan mela arranged by State Level Bankers Committee (SLBC) at Sri Venkateshwara Anam Kala Kendram here on Thursday.

Speaking to the media, he said the bank was providing all category of loans such as education loan, car loan, Pushpaka vehicle loan, Subha Gruha housing loan, home improvement scheme and IOB Gharonda-PMAY loan, Mudra loans, etc, to all eligible beneficiaries with recent revised less interest rates.

On the first day of the mela as many as three self-help groups (30 members) and five individuals approached the bank counter and the staff briefed them about the loans. The loans will be sanctioned immediately, if the respective documents ready after verification, he averred.

He appealed to the people to avail this opportunity to get loans to escalate their economic stamina as the bank is providing affordable interest rates. Those who participated in the meeting include the main branch, Prakash Nagar branch, Kolamuru branch and Balajipeta branch also participated in the programme.

IOB senior manager P Sujatha, managers VJP Kumar, VVS Ram Mohan and other staff were present on the occasion.