State Bank of Hyderabad (SBH) has unveiled a new campaign for housing and car loans, ‘Apna Ghar & Apna Car’. The bank will offer loans at concessional rates during the campaign period from January 1 to March 31, 2014.
The bank has reduced interest rates by 20 basis points for car loan from 10.60% to 10.40%, and is also offering lower processing charges at 0.25% of the loan amount subject to a maximum of Rs 1,000 during the campaign period.
Besides, interest on housing loans will be 10.20% for loans up to Rs 75 lakh and 10.30% for loans above Rs 75 lakh. The rate of interest is on floating basis and applicable for all tenors. The interest is calculated on daily reducing balance method.
The bank has reduced interest rates by 20 basis points for car loan from 10.60% to 10.40%, and is also offering lower processing charges at 0.25% of the loan amount subject to a maximum of Rs 1,000 during the campaign period.
Besides, interest on housing loans will be 10.20% for loans up to Rs 75 lakh and 10.30% for loans above Rs 75 lakh. The rate of interest is on floating basis and applicable for all tenors. The interest is calculated on daily reducing balance method.
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