Loan fees offered by banks on investment account are as of now at their perhaps the most minimal level ever. With relatively few choices left investors are essentially going for saving records offering only 3-4% loan fees on a yearly premise.
Accordingly, many are putting resources into other store instruments offering higher loan costs however accompanies more danger. Be that as it may, investors are as yet protecting their cash with the wellbeing and security of a bank account while hoping to perceive how they can receive the most extreme rewards out of it.
Assuming you are one of them, let us disclose to you that the accompanying three banks are as yet offering higher loan fees on saving ledgers:
Yes Investment Account Presents To 5.5% Loan Fee
Indeed Bank professes to offer a yearly financing cost of 4% to 5.5% every year. The private bank is supposed to offer a 4% loan fee on saving records having stores worth Rs 1 lakh or less. Saving financial balances with stores between Rs 1-10 lakhs are procuring a yearly loan cost of 4.75%.
The most extreme loan costs on saving records offered by Yes Bank remain at 5.5% yearly, which can be benefited by the individuals who have over Rs 1 crore in their records.
RBL Bank Investment Account Presents To 6% Loan Cost
RBL Bank is presently offering the most elevated financing costs among all private and public area banks. The loan cost goes from 4.5% to 6.25%. Here's the rundown of loan costs offered by RBL Bank on saving records:
I. everyday balance up to Rs 1 lakh: 4.5% yearly loan fee
II. Everyday balance between Rs 1 to Rs 10 lakh: 6% yearly loan fee
III. Day by day balance above Rs 10 lakh: 6.25% yearly financing cost
Bandhan Bank Investment Account Presents To 6% Financing Cost
Bandhan Bank is at present contributing financing costs going from 3% to 6% to its clients. Like different banks, the financing cost relies upon the everyday bank balance kept up by the client.
I. Day by day balance up to Rs 1 lakh: 3% yearly financing cost
II. Everyday balance between Rs 1 to Rs 10 lakh: 4% yearly loan cost
III. Everyday balance above Rs 10 lakh: 6% yearly loan cost
Image Credit: The Financial Express