Car loan News
Car Loan Interest Rate, EMI Calculator: In modern days, owning a four-wheeler has become a necessity. One feels the need for a vehicle, especially at a time of crisis like a medical emergency. Also, buying a car often remains on the checklist of many people. So, if you are planning to buy a car or want to upgrade to another car or want one more for your family, a car loan comes in handy as you are saved from shelling out too much money at once and get a reasonable period to pay back the loan. A car loan is generally available for a tenure of three to five years but some banks do provide it for up to seven years.
State Bank of India is offering great deals on the car loan. The bank is offering an interest rate of 7.5 per cent. The bank is not charging the processing fees from the customers. State Bank of India claims to pack more offers. The interested customers can give a missed call on +91 7208933141 and they ill get a call back from an authorised SBI representative.
RBI has noted that the disruptions caused by COVID-19 have led to increased financial stress for borrowers across the board. This has created a huge challenge of their debt burden. RBI will provide a window under the Prudential Framework to enable lenders to implement a resolution plan in respect of eligible corporate exposures as well as personal loans.