IDV or Insured Declared Value is calculated on the ex-showroom price of your two-wheeler. IDV is fixed on the basis of the manufacturer's selling price, which includes invoice value & GST, and excludes the registration and insurance charges.
The bank's home loan rates start at 6.75 per cent and car loan rates at 7 per cent. It has also waived off processing fee on home loans.
India's largest bank has announced a 100% waiver in the processing fee for all customers applying for car, gold, and personal loan through YONO. SBI is offering the lowest interest rate starting from 7.5% to customers opting for the car loan. They will also get 100% on-road finance on select models.
The decision to reduce the repo rate was taken by the RBI's Monetary Policy Committee (MPC) at its second monetary policy review of the ongoing fiscal.
Global credit rating agency Fitch Ratings on Friday said demonetisation has had a negative impact on repayment of Indian auto loans and that it would take a couple of months for collections to come back to normal levels.
State-owned Corporation Bank on Friday reduced interest rates on home, auto and consumer durables loans by up to 1.75 per cent to cash in on the festival season demand.The bank cut lending rate on home
Mumbai, Sept 19: Acting on RBI's cue, State Bank of India on Tuesday announced a reduction in the minimum lending rate by 0.25 per cent, making home and auto loans cheaper. The move will benefit
Mumbai, Mar 17: Borrowers will have to pay more for their home and auto loans as the Reserve Bank today announced an increase of 25 basis points in key policy rates-- 8th hike in one
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