New Car Loan Scheme ‘SBI Fzee’ from SBI !
Posted on June 30th 2009If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Hey Good news for New Car Buyers! SBI is planning to introduce one fresh new car-loan scheme christened ‘SBI Fzee’ for financing the new cars on 1st July’09.
According to this scheme, SBI will decide interest rates upto 8% for 1st years of car loan refund term.
As said by this scheme, the new car purchaser can obtain car loans at decreased interest rates of 8% annually and 10% fixed rate for the 2nd & 3rd year. However, the interest rates will be rearranged from 4th year at a card rate from sanction date of car loan. These new interest rates will depend on the terms of loan.
Card rates on the car loans (SBI) are 0.25% to 0.75% less the SBI’s PLR. Fzee car-loan scheme will allure waiver of complete processing bill, during this scheme period.
By editor in Auto Finance, Auto India News
Carazoo.com India responded on 30 Jun 2009 at 9:41 am #
Great News.
GT Rao responded on 30 Jun 2009 at 7:59 pm #
Very very great news for 1st time small car buyers. But it should be implemented in all branches pratically & should not be remained as a news. As most of the schemes are not implemented in the down level. The scheme also publiced in news papers so that benifit can be taken by all.
Rahul responded on 03 Jul 2009 at 1:23 am #
It is definitely a good news for the new car buyers. And I also agree with Mr. Rao with his suggestions of implementing the scheme across the country.
Rahul