Public sector banks are offering attractive combo offers to capture a large share of customers purse. Bank like Union Bank of India, Dena BankBSE 0.62 % and Indian Bank have recently launched combo offer where the banks will offer a lower rate of interest if customers avail two loan products from them. For instance, Union Bank of IndiaBSE -0.56 %has a combo offer where existing home loancustomers are offered two wheeler loan and consumer loan (with a ceiling of Rs 75000 per borrower) at 12.50%. These discounted rates would also be offered to borrowers who are employees of bank's borrower from MSME (medium and small micro enterprise) segment or have a salary account with the bank. However, without the combo offer, the bank would be charged 15% on two wheeler and consumer durable loan.
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