SBM Festival Damaka

By | September 27, 2011

According to a recent press report State Bank of Mysore has planned to lend car loans at low interest rate for limited period in order to attract customers in this festival season.

The bank has offered the  car loan at a floating Rate of 12% per annum that is linked to the base rate, the Margin is fixed as 15 percent, and the bank will not charge any processing fees, or prepayment penalty from the customers.

Reports said that the bank has planned to offer this MYBANK car Loan exclusively for this festival season and it has also offered Deposit schemes with the Free Accident Death Insurance.

The Amount covered under this Accident Death Insurance scheme is up to Rs. 5 lakhs and the scheme will come under the MYBANK SURAKSHA which covers three sections such as savings account, current Account and Time Deposit account.

To know more about the offer the customers can contact through helpline 1800-425-2244 and can visit for further clarifications.

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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