SBI Removes Processing Fee On Car Loans

Eyeing the upcoming festival season, State Bank of India (SBI), the country's largest lender, on Tuesday announced that it has waived off processing fees on car loans. “The bank is offering lowest interest rate starting from 8.70 per cent to customers opting for car loan, with no escalation in interest,” the public sector lender said in a statement. The announcement by the bank comes at a time when the passenger vehicle sales have de...