An auto dealers’ meet was organised by the Multi Product Sales Team of the State Bank of India here on Friday.
Inaugurating the meet, Deputy General Manager from LHO, Hyderabad, Sanjukta Raiguru explained that SBI car loan interest rate at 10.75 per cent was the lowest in the market.
The loan tenure was a maximum of 84 months and the lowest EMI was Rs.1,699 per lakh. The Deputy General Manager (business and operations), Visakhapatnam Module, Manoj Kattar, said that there was no ‘pre-payment’ penalty, very low processing fee and no advance EMIs.
Chief Manager (auto), LHO, Hyderabad, Haritha Purnima, gave a power-point presentation.
Varun Motors executive director Subba Rao spoke.
The bank claims that its car loan interest rate is the lowest in the market