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 www.statebankofmysore.co.in for further clarifications.