This is the lowest interest rate and EMI offered among all the private and public sector Banks in the country. To further, create awareness among the general public, SBI in association with Maruti, organized Car Loan Melas on October 17 and 18 at 39 different locations in the entire North East Region.

This happened for the first time in the North East Region that Car Loan melas at 27 major cities Agartala, Aizawl, Bongaigaon, Barpeta Dhubri, Dibrugarh, Dimapur, Dharmanagar Guwahati, Golaghat, Hailakandi, Imphal, Itanagar Jorhat, Kokrajhar, Karimganj, Mangoldoi Nalbari, Nagaon, Pasighat, Rangiya Shillong, Silchar, Tezpur, Tinsukia, Udaipur and Ziro were organized.

To make it more popular and attractive processing charges were also waived. There was an overwhelming response by general public to these Car Loan Melas.

At all the places, the Melas were inaugurated by prominent personalities of the locality. At the spot approval and sanction was given for purchase of car.

The Assistant General Manager, Personal Banking Business Unit of SBI, Local Head Office, Guwahati said that the overall response is very good due to the attractive features of SBI Car Loan Scheme and prompt and quick sanctioning of loans by SBI officials at various places.

He further advised that this offer is valid only till 31st December, 2011 and advised the general public to use maximum use of this concessional offer.

The other salient features of this offer are: Longest Repayment – 7 Years; No Processing Fees; 85% on Road Price Financing; Any time Repayment without penalty; No Advance EMI; Interest on daily reducing balance; Free accident Insurance.