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State Bank of Bikaner & Jaipur has informed BSE that the rate of interest on Car loans (for new vehicles) and Vishesh Vahan Yojana Scheme loans to State Govt. Employees have been revised and the rate of interest on these leans will be as under w.e.f. March 01, 2008.

1. CAR LOANS (FOR New Vechicles)

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Repayment Tenure				Proposed Rate w.e.f. March 01, 2008
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Upto 3 years

i. Loans of Rs 7.50 Lac and above		1.50% below BPLR i.e. 11.50% p.a.

ii. Loans below Rs 7.50 Lac			1.00% below BPLR i.e. 12.00% p.a.
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Above 3 years to 7 years			1.00% below BPLR i.e. 12.00% p.a.
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2. Vishesh Vahan Yojana Vehicles Loans to State Govt. Employees

- Repayment Tenure: Tenure upto 7 years

- Proposed Rate w.e.f. March 01, 2008 : 1.00% below BPLR i.e. 12.00% p.a.

Tags: State Bank of Bikaner

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