A recent press report said that State Bank of India has planned is organize a home and car loan festival in Coimbatore from September 30, 2011. The fest is to be organised for duration of three days and is expected to bring borrowers as well as sellers on a common platform. It is being organised in Coimbatore after two years this time.
Mr. R. Krishnaswami, regional manager, SBI said that the participation will be observed from property developers, builders and car dealers, informed. He said that stalls will be set by as many as 30 builders and 10 car dealers.
He said that the bank has offered concessions by as much as 50% in processing fees of home loans and interest rates are also offered at rates starting from 10.5%.
Mr. Krishnaswami said that the offers have been made in order to attract the customer’s. In case of car loans, the processing fees would see a complete waiver and interest rates would begin from 11.25%.
State Bank of India is the largest Indian banking and financial services company with its headquarters in Mumbai, India. It is state-owned. The bank traces its ancestry to British India, through the Imperial Bank of India, to the founding in 1806 of the Bank of Calcutta, making it the oldest commercial bank in the Indian Subcontinent.