Competition drives banks crazy. It also forces them to keep innovating products. Now, this one is about loans. We all know banks offer home loans, auto loans, education loans, and loans to businesses, and consumption loans to individuals. Now you better know that banks also offer bathroom loans. Yes, you heard it right! Recently an advertisement from one of the large private banks evoked a lot of interest on social media. The advertisement said the bank has a product called ‘bathroom loans’ or loans to “spruce up your bathroom into a spa”. The advertisement pitches low interest rates, up to 15 year tenure, and easy EMIs. Tempted yet?!
