State Bank of Hyderabad (SBH), in order to cash on festive season has unveiled two new loan schemes ‘Grahak Utsav’ and ‘Gen Next‘. These schemes will also give boost to the sales of consumer durables and two-wheelers. The interest rates for the schemes start at 12% per annum and would be open from October 14 till January 31, 2014.
Grahak Utsav is being offered for purchase of consumer durables, such as kitchen and home appliances, computers, water heaters and furniture while Gen Next is aimed at two-wheelers.
The bank is also offering 50% concession in processing charges subject to a maximum of Rs 500 during the campaign period. The existing home or mortgage loan customers with no over dues are also eligible for a special concession of 50 basis points on the interest rate charged.
Grahak Utsav is being offered for purchase of consumer durables, such as kitchen and home appliances, computers, water heaters and furniture while Gen Next is aimed at two-wheelers.
The bank is also offering 50% concession in processing charges subject to a maximum of Rs 500 during the campaign period. The existing home or mortgage loan customers with no over dues are also eligible for a special concession of 50 basis points on the interest rate charged.
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