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Headline: Now, SBI auto loan @ 8% in first year
Continuing its drive to push credit offtake with special rates, State Bank of India (SBI) on Saturday lowered its auto loans to 8% for one year with effect from July 1. Targeting Rs 13,000 crore of exposure in the current fiscal, the bank has frozen its auto loans at 8% for the first year and 10% for the second and third years.
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