Auto Loan

  • SBI increases its minimum rate of lending to 9.80 per cent, makes loans costlier September 19, 2013

    The country's largest lender, State Bank of India, on Thursday said it increased its base rate, or the minimum rate of lending, to 9.80 per cent, a day ahead of the RBI's policy review. "State Bank of India has revised the base rate by 0.10 per cent from 9.70 per cent...
  • SBI halves processing fee on home, auto loans October 17, 2012

    New Delhi: In festive mood, country's largest lender, the State Bank of India (SBI), has halved the processing fee on home and automobile loans. The reduced processing fee is available till the end of 2012. This comes days after the SBI slashed home and auto loans by 50 basis points....
  • RBI may hike rates again, loans to get costlier October 24, 2011

    Mumbai: The Reserve Bank of India (RBI) is widely expected to again hike key policy rates on Tuesday to curb stubbornly high inflation. The 13th hike since March 2010 will make home and auto loans costlier and put further pressure on economic growth. With food inflation entering double digit figures and...
  • EMIs on home and auto loans likely to go up September 16, 2010

    New Delhi: The Reserve Bank of India (RBI) is set to signal higher interest rates in the credit policy on Thursday. But your equated monthly installments (EMIs) are not likely to go up till Diwali. The RBI is all set to announce its firstever midquarter review of its policy rates,...
  • ICICI withdraws special home loan scheme March 5, 2010

    Mumbai: In a clear signal of a rising interest rate regime, country's largest private sector lender, ICICI Bank, on Thursday said it has hiked its auto loan rates by up to 0.5 per cent and withdrawn its 8.25 per cent special homeloan scheme. "Auto loans rack rates have been raised by...
  • ICICI Bank jacks up auto loan rates by 0.75 per cent April 22, 2008

    New Delhi: Country's largest private sector lender ICICI Bank jacked up auto loan interest rates by up to 0.75 per cent even before the RBI decided to increase statutory deposits last week as a part of inflation controlling measure. "Rates have increased in between 5075 basis points for certain segment of...
  • More banks slash home, auto loan rates February 5, 2008

    New Delhi: It has been a tough year for banks, with credit offtake slowing down. ICICI Banks MD and CEO, K V Kamath admits, particular slowdown has been seen automobile and light engineering industries, not necessarily cars. In mortgages, if there is a differential in interest rates, then there will be flows...
  • SBI cuts home, personal loan rates for festive season October 11, 2007

    New Delhi: State Bank of India has slashed its interest rates on home loans, auto loans and personal loans. Thats a big relief for first time buyers. The interest rate cut on new home loans will be between 0.50 per cent to 1 per cent depending on loan maturities and...