NEWS & ADVICE : CAR LOANS
State Bank of Hyderabad slashes interest rates on loans by 75 bps
By Vaibhav Aggarwal
Aug 20, 2012
Print    Email    RSS   

The public sector lender, State Bank of Hyderabad (SBH), has decreased its interest rates for retail loans segment by 75 basis points. The new rates will be applicable from August 21. The rate cut will be effective on new loan disbursals under floating rate.

The new rates for various loan products under the retail loans segment are as follows:

Home loans - For home loans up to Rs. 30 lakhs, interest rates have been slashed by 25 basis points, bringing down the rate to 11 percent. For loans above Rs. 30 lakhs, the interest rates have been reduced by 50 basis points to 11.50 percent.

Car Loans - The new interest rates on auto loans is 11.25 percent.

Gold Loans - For loans till Rs. 1 lakh, the new rate is 13 percent. On loans above Rs. 1 lakh, interest rates have been reduced to 13.25 percent.

An associate of State Bank of India, SBH has issued a statement saying that it will increase its focus on retail business in the current fiscal.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Managing loans through difficult times
J&K Bank raises PLR
Carnival of Indian Personal Finance Blogs #1
Insider secrets of Car Loans in India
A Complete Guide on Car Loans for NRIs


my car no. is DL4C NA 7561financed from hdfc..just...
i want my car loan statement for incometax purpose...
i want my car loan statement for incometax purpose...
Lonavala Caℓℓ Girℓs 9765946980 / 9970712349...
how to got car loan statement from hdfc bank
i want to check my sbi car loan balance

NEWS THIS WEEK
SBH bank extended its Car and gold loan campaign till 31st March, 2015. Feb 11, 2015
KVGB bank signed MOU with TATA Motors Feb 10, 2015
SBH bank extended its scheme offering concession to loan defaulters Feb 2, 2015
Karnataka Bank tied up with TVS motors to Assist Auto rickshaw buyers Jan 27, 2015
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
News Archive