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Home and Auto Loan Rates may gone down further: SBI ChiefPosted in Car Loans, Home Loans by Ram Vishnu August 19, 2009. Chairman of the State Bank of India, O. P. Bhatt, indicated that home loan and auto loan seekers can expect a cut in interest rates in the next three to six months. This is according to an article in The Hindu. According to Mr. Bhatt, rates may remain stable and even decline further in the three to six month period given the positive signs in the Indian economy. He did not project rates beyond six months given that economic conditions are dynamic and it’s difficult to predict interest rates on a longer term basis. SBI has cut rates and offered incentives to new home loan and auto loan borrowers in the past few months to boost the retail borrowing segment. CommentsLeave a Reply |
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