LIVE MARKET TRACKER :   BSE SENSEX   27458.64      |    NSE NIFTY 8341.40    
GLOBAL MARKETS :  NASDAQ 4891.22   +0.57%    |    FSI London 6855.02   -0.58%    |    NIKKEI Japan 19285.63   -0.95%
  USD GBP EUR CAD AUD INR
USD - 0.6726 0.9185 1.2616 1.2905 62.5370
GBP 1.4882 - 1.3670 1.8775 1.9205 93.0676
EUR 1.0894 0.7328 - 1.3744 1.4059 68.1278
CAD 0.7930 0.5334 0.7284 - 1.0233 49.5892
AUD 0.7754 0.5215 0.7122 0.9782 - 48.4887
INR 0.0160 0.0108 0.0147 0.0202 0.0206 -
Indian-Commodity  :  Corporate  :  SBI trims processing charges on auto loans to a flat amount of Rs 500

SBI trims processing charges on auto loans to a flat amount of Rs 500 (07-Jan-2013)

State Bank of India (SBI) in a bid to increase its lending base has trimmed processing charges on auto loans to a flat amount of Rs 500 irrespective of the size of the loan. The bank will also continue with its festival offer of lower processing fees on home loans, which was due to end in December 2012.

The bank was earlier charging 0.50% as processing fees on car loans which were reduced by 50% to 0.255% during festival offer in October. Now the bank will charge a flat rate of Rs 500 as a processing fee on car loans.

The car loan offered by the bank is cheapest in the industry. It also offers loans of the longest tenure up to 7 years. Additionally the loans are based on floating rate and will move along with the bank's base rate. The loans can be pre-paid at anytime without attracting any penalty.

Besides, the home loans are available at 10% up to Rs 30 lakh and at 10.15% for loans above Rs 30 lakh. The processing fees vary from Rs 1,000-5,000 depending on the size of the loan and Rs 1,000 for takeover of loans from other lenders.


Top News Today
Government to collect initial upfront payment of Rs 28,872 crore of spectrum auctions
(27-Mar-2015)

Government to collect initial upfront payment of Rs 28,872 crore of spectrum auctionsThe government after getting a go ahead from the Supreme Court declared the winners of the recently concluded airwaves auction. Now the government can collect initial upfront payment of Rs 28,872 crore......click on news to read complete article.

Cadila Healthcare, Bharti Airtel and Idea Cellular to see some action today
(27-Mar-2015)

Cadila Healthcare, Bharti Airtel and Idea Cellular to see some action todayCadila Healthcare has purchased 50% shares of Zydus BSV Pharma from Bharat Serums and Vaccines and now Zydus BSV has become 100% subsidiary of Cadila Healthcare. Zydus Cadila is an innovative, global pharmaceutical......click on news to read complete article.

Govt to step up public spending on infrastructure, ease entry barriers for overseas investors
(26-Mar-2015)

Govt to step up public spending on infrastructure, ease entry barriers for overseas investorsFinance Minister Arun Jaitley has expressed his concern over slow growth of manufacturing sector and promised to step up public spending on infrastructure, ease entry barriers for overseas investors and......click on news to read complete article.

International Stock News
US markets snap four days losing streak
(28-Mar-2015)

US markets snap four days losing streakSnapping their four days losing streak, the US market closed higher on Friday due to a positive reaction to prepared remarks by Federal Reserve Chair Janet Yellen. In a speech at a San Francisco Fed conference,......click on news to read complete article.

US markets closed lower for fourth straight session
(27-Mar-2015)

US markets closed lower for fourth straight sessionThe US market closed lower on Thursday, declining for the fourth consecutive session, with the benchmark S&P 500 turning negative for the year and recording its longest losing streak since January.......click on news to read complete article.

US markets closed lower; S&P, Dow marks sharpest losses in two weeks
(26-Mar-2015)

US markets closed lower; S&P, Dow marks sharpest losses in two weeksThe US market closed lower on Tuesday, with Nasdaq Composite suffering its steepest decline since April 2014, as investors' dumped technology and biotech shares. The carnage on the Street marks the third......click on news to read complete article.

 

     
  
Recent Corporate News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.