Financial Daily from THE HINDU group of publications
Saturday, Mar 15, 2003
Financial Daily from THE HINDU group of publications Saturday, Mar 15, 2003 |
|
|
|
|
|
Money & Banking
-
Public Sector Banks SBI ties up with Maruti for car loans Our Bureau
CHENNAI, March 14 STATE Bank of India has tied-up with Maruti Udyog Ltd to offer car loans for Maruti cars. The two organisations will be able to utilise each other's customer base as well as distribution network, to cross-sell Maruti vehicles and SBI vehicle loans. A `SBI-Maruti CARnival'— a car loan mela— is being conducted by SBI on the Friday and Saturday here, at SBI's campus in Nungambakkam. All models of Maruti will be on display and SBI officials will ensure spot sanctions of car loans, says a press release from SBI. Some of the features of the loans include a longer repayment period of seven years, lower rate of 10.5 per cent for repayments up to three years and 11.25 per cent for repayments up to seven years, no pre-closure charges, up to 30 per cent discount on extended warranty charges and a life insurance cover for the borrowers for which SBI will pay the premium.
Article E-Mail :: Comment :: Syndication
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2003, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|