sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« General »
 Seeks to amend BCD rates on certain textile goods.
 Common mistakes to avoid while filing your Income Tax Returns
 Income Tax Return filing season is here – Check top tricks to save money
 What is Income Tax Clearance Certificate? For whom is it a must?
 Don’t forget to mention these small things while filing income tax returns
 Wondering about your eligibility to file Income Tax Return?Read on
 Income Tax Return filing: How to link Aadhaar number with PAN card?
 India notifies rules for income tax computation for foreign firms
 How to save income tax by rejigging your salary
 How to fill tax exempt income and bank details section in ITR1
 Interest income from an NRO account is fully taxable in India

SBI home, auto loan interest rates cut, set to be effective from Nov 1
November, 02nd 2017

The State Bank of India has made its home and auto loans cheaper. The new rates will be effective from November 01, 2017.

Good news for SBI customers and for those willing to take a home or auto loan in the near future. The State Bank of India, India’s largest bank, has made its home and auto loans cheaper. The bank has reduced home loan interest rates by 05 basis points to 8.30% per annum. Similarly, its auto loan will now be offered at a starting interest rate of 8.70% per annum compared to the earlier 8.75%. With this reduction, SBI’s offering in the home loan segment has become the lowest in the market, as the bank claims. The new rates will be effective from November 01, 2017.

The effective interest rate for all eligible salaried people will be 8.30% per annum for loans up to Rs 30 lakh. Rates have been reduced by 5 bps point in all the brackets. Over and above of 8.30% rate, an eligible home loan customer can also avail an interest subsidy of Rs 2.67 lakh under the Pradhan Mantri Awas Yojana scheme.

For car loan customers, the loan amount now ranges from 8.70% per annum to 9.20% per annum compared to earlier the range of 8.75% to 9.25% pa. The exact rate depends on the amount of loan and the credit score of the individual, the bank said.

Talking about the reduction in the lending rates, P K Gupta, MD, Retail and Digital Banking, SBI, said, “SBI has always been at the forefront in the passing the benefit to customers. With this reduction in rates, we are offering the lowest rates for most of our product offerings in retail loans.”

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Customer relationship management software CRM software Operational CRM Collaborative CRM

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions