Interest rate for Car and two wheeler loans revised

Finance Ministry has revised the rate of interest for the advances (loan) sanctioned to Central Government Employees for purchase of Two wheelers and Four Wheelers during April 2011 to 31st March 2012.

Office Memorandum F.No.5(2)-B(PD)/2011 dated 19.03.2012 communicates that Rate of interest per annum in respect of advances obtained for purchase of two wheelers and Four wheelers has been fixed at 9% and 11.5% respectively.