Quote:
Originally Posted by abbey4u  I got a quote from SBI people. Current inte rate is 11.25%. 0.25% is the processing fee.
Other Benefits:
- Part Prepayment is allowed after 1 year without any charges.
- Full Prepayment is allowed after half the tenure without any charges.
- Optional cover on Loan (Your family member would not be liable to pay in case of ur death). Its 95 rs PM for a loan of 7L for 5 years.
All in all this is the best deal available in the market today |
Yes. Its a good deal. I took a car loan from SBI for 9.75% last year. All other conditions were the same. No "PRE-EMI", 4% penalty nonsense in SBI.