You know that banks love loans and borrowers. They love to net customers with various loan offers and can go to any length to do it. Forget home loans, the latest trend is car loans in banking circles. Many public sector banks have already started wooing customers with different offers. After noticing that car loans were going slow due to high interest rates, the banks have devised ways of making it look more attractive.
The Bank of India (BOI) and Union Bank of India (UBI) have already reduced interest rates on car loans. The biggest banking chain State Bank of India (SBI) Mumbai zone has recently organised a special rally for its customers to promote car loans in the month of March. The rally is open to all its customers in Mumbai and Thane. The campaign is expecting to last till April 20. The winner of the first prize will get a chance to go to week long trip to Sydney. With this type of attractive offer it is clear that banks are really keen to give car loans.
Labels: car rally, Car-Loans
3 Comments:
Banks are increasingly depending on loans for business. This is the reason why they are giving thrust to car insurance which attract huge interest rates. SBI leads the way in creating new consumer friendly schemes as always.
Banks gain lots of profit by providing loans.And with many new models coming in people prefer taking loan and the demand for cars are helping the banks in many ways.
There are many type of loans available in the market. Its very important to examine all your options first before settling with your final choice. Thanks for the info!
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