State Bank of India cuts car loan rate for women
SBI empowered women through ‘Her Ghar Her Car’ loyalty scheme
By : DC Correspondent
Update: 2015-06-02 06:09 GMT
Mumbai: After providing women-home loan borrowers concession in interest rates through the ‘Her Ghar’ product the State Bank of India on Tuesday further empowered women through ‘Her Ghar Her Car’ loyalty scheme.
Under which, ‘Her Ghar’ borrowers can go in for a ‘Her Car’ loan at reduced rates of 10 per cent per annum. However, car loans to non ‘Her Ghar’ borrowers would continue to be at 10.25 per cent.
As part of the Digital India campaign SBI chairman Arundhati Bhattacharya, also launched State Bank mCash, a mobile app, whereby an SBI customer can transfer money to anyone without knowing their bank account details irrespective of whether the recipient banks is with SBI or not.