''SBI Ezee'' ready for financing new cars on July 1 at interest as low as eight per cent for the first year
Sushant Rane
Jun. 27, 2009

SBI car loan for Rs 1-lakh car will be as low as Rs 1,559 in the first year and Rs 1,647 in the second and third year. It is a happy news for Indian consumers. According media press release, car buyers can get loans at reduced rates of 8 per cent per annum fixed for the first year and 10 per cent per annum fixed for the second and third year.

The SBI Ezee Car Loan Scheme will have a full processing fee waiver during the scheme period.

SBI, which had introduced a special 10 per cent per annum fixed interest rate for the first year from February 23, has now extended it up to September 30.

This follows the tremendous response the scheme has evoked, the bank said.

'SBI Ezee' ready for financing new cars on July 1 at interest as low as eight per cent for the first year
Sushant Rane
SBI car loan for Rs 1-lakh car will be as low as Rs 1,559 in the first year and Rs 1,647 in the second and third year.
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