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SBI launches special offers for festive season

SBI has slashed interest rate to 10.55% p.a. from 10.75% for purchase of cars

October 10, 2013 11:22 IST | India Infoline News Service
State Bank of India has announced the launch of a special offer for the ensuing festival season.

The offer is valid up to the 31 January 2014 and covers the purchase of cars, two wheelers and consumer durables.

For purchase of cars, SBI has slashed interest rate to 10.55% p.a. from 10.75%. Processing charge has also been cut from 0.51% of the loan amount (with a minimum of Rs. 1020/-) to a flat rate of Rs. 500/-.

The Bank has also launched a Special Festival Loan for its Salary Package Account holders for purchase of consumer durables and two wheelers. Attractive discounts are available under this offer resulting in effective interest rates starting from 12.05% p.a.

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