Festival season brings happiness in the form of gifts, shopping and many other aspects. A number of offers and schemes have been released by many companies and manufacturers including automobiles, electronics, jewellery, clothing etc. With these huge offers and mouth watering schemes, companies tie up with many banks and other financial loan providers, but few nationalized and private banks released their schemes irrespective to any particular brand.
State Bank of India is offering special festival schemes on durable consumer goods and two wheeler loan. The bank is offering special schemes on these loans for their holders pay package costumers. They offer low and favorable EMI for all. Consumer can have a maximum loan of 15 lakhs and the time duration for the loan payment period will be 5 years.
Apart from this, the car loan is offered at a low EMI of Rs. 1689 per lakh. The processing fee will be Rs.500 and the maximum payment period will be 7 years. There will be no prior payment. The interest rate for the loan is very low and the consumer will not be fined with pre payment penalty. These schemes generated by SBI will help them to grab the customer attention towards them so as to maximize the profit and help the indebted as well.