Financial Daily from THE HINDU group of publications
Monday, Nov 08, 2004
Financial Daily from THE HINDU group of publications Monday, Nov 08, 2004 |
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Money & Banking
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Credit Market Diwali offer from SBI Our Bureau
THIRUVANANTHAPURAM: State Bank of India (SBI) has reduced the interest rates on housing, car, personal and festival loans in a special campaign during the run-up to Diwali. An official said here that the new rates would be 7.25 per cent for housing loans for 20 years, 8 per cent and 8.50 per cent for car loans for up to three years and for upwards of three years to seven years respectively. Personal loans will attract 11 per cent for a tenor of four years, as do festival loans for one year. Two-wheeler loans will be fixed at 10.50 per cent for three years. The new rates will come into play for loans advanced during November 8 to 15.
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