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SBI lowers auto loan rates

State Bank of India has reduced interest rates by 100 basis points on fresh auto loans with a 3-7 years tenure.

Apnaloan.com Research Bureau

24 Oct 2007

State Bank of India has reduced interest rates on fresh automobile loans of three to seven years tenure by 100 basis points.

The country's largest lender will offer the new rates under a special festival scheme, effective between October 8 and December 31.

The bank has also cut floating rates by 75 basis points on existing auto loans with up to 3 years tenure.