Sundaram Finance has increased interest rates by 0.50% for one-year deposits with effect from April 9, 2012. As per the revision depositors will now get 9.75% for a 12 to 18 month deposit and 9.50% for a 24 to 36 months deposit. Senior citizens will get another 0.50% extra on these deposits.
Sundaram Finance is one of the oldest and largest providers of finance for the acquisition of commercial vehicles of all makes. The commercial vehicle finance provided by it helps the small operators to acquire vehicles with minimum hassle and documentation. It provides customized financing options to suit the needs.
