LIVE MARKET TRACKER :   BSE SENSEX   26271.85      |    NSE NIFTY 7830.60    
GLOBAL MARKETS :  NASDAQ 4466.733   -0.16%    |    FSI London 6797.84   -0.00%    |    NIKKEI Japan 15284.42   -0.29%
  USD GBP EUR CAD AUD INR
USD - 0.5892 0.7425 1.0735 1.0615 60.15
GBP 1.6976 - 1.2605 1.8223 1.8019 102.1106
EUR 1.347 0.7936 - 1.4459 1.4297 81.0191
CAD 0.9316 0.5489 0.6917 - 0.9889 56.0364
AUD 0.9427 0.5554 0.70 1.012 - 56.7034
INR 0.0166 0.0098 0.0124 0.0179 0.0177 -
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
Retail Inflation eases to 29-month low at 7.31% in June; Core inflation softens too
(15-Jul-2014)

Retail Inflation eases to 29-month low at 7.31% in June; Core inflation softens tooIn yet another encouraging development after four month low headline inflation numbers, provisional annual inflation rate based on all India general Consumer Price Index (CPI) (Combined) softened to 29......click on news to read complete article.

Tata Motors, Infosys and Suzlon to see some action today
(11-Jul-2014)

Tata Motors, Infosys and Suzlon to see some action todayTata Motors-owned luxury car maker Jaguar Land Rover (JLR) has registered its strongest ever half-year sales in 2014 selling over 240,000 vehicles. The UK-based auto major sold 240,372 cars between January......click on news to read complete article.

Railway Budget 2014-15 to be "growth oriented", big ticket announcements eyed
(08-Jul-2014)

Railway Budget 2014-15 to be "growth oriented", big ticket announcements eyedHaving done a pre-Budget hike of 14.2% in passenger fares and raising freight rates, Railway Minister Sadananda Gowda's will present his maiden Rail Budget amidst expectation of big ticket announcements,......click on news to read complete article.

International Stock News
US markets closed mostly up; Dow retreats from highs
(24-Jul-2014)

US markets closed mostly up; Dow retreats from highsThe US markets closed mostly higher on Wednesday, as strong results from companies like Apple and Delta pushed the S&P 500 to close at a record. Investors seemed to have brushed off news that two......click on news to read complete article.

US markets gain on encouraging economic data
(23-Jul-2014)

US markets gain on encouraging economic dataThe US markets closed higher on Tuesday, boosted by better-than-expected inflation and housing reports as well as a flood of second-quarter earnings reports. On the economy front, consumer prices gained......click on news to read complete article.

US markets closed lower amid geopolitical tensions
(22-Jul-2014)

US markets closed lower amid geopolitical tensionsThe US markets closed lower on Monday, as investors remained jittery amid escalating war in Gaza and possible tougher sanctions against Russia. President Barack Obama called for an immediate ceasefire......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.