SBI hopes for 50% of the overall Nano loan
State Bank of India is expecting to have 50 per cent of the overall loan amount for Nano booking. According to the state bank's Chief General Manager in Personal Banking Mr P. Nandakumaran, the bank is aiming for around 50% making it to reflect for about 75,000 aspirants. He claimed that most of the applicant is from urban and metro regions.
Vikas
Published On May 22, 2009 13:47 IST
Published OnMay 22, 2009 13:47 IST
Last Updated OnMay 22, 2009 13:47 IST
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Nano booking loan plan was provided by the bank with a one-time blunt booking fee of Rs 2,999 for the base model (Rs 1.2 lakh), Rs 3,499 for the intermediate model (Rs 1.40 lakh) and Rs 3,999 (Rs 1.70 lakh) for the high-end model. The booking will become a SBI Nano car loan after the allotment of the car. As per the Society of Indian Automobile Manufacturers (SIAM), the market carve up of the bank in auto loans got raised to 12 per cent during the year 2009.
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<p>A totally people's person Vikas Yogi ventured into journalism 5 years ago. He started his career as a journalist for an online media agency, where he worked on few of their best online projects. Later on, he was given command of their entire content development division, where he single handedly managed and developed content for various domains ranging from Telecommunications, Electronics, Home Appliances, Fashion, Lifestyle to his favorite 'Automobiles'.</p>
<p>He has spent more than 3 years writing about the automobiles and being a car fanatic, he has got the right blend of enthusiasm and knowledge that is required to keep the readers' spirits up. Known for his wits and puns, Vikas is leading a team of journalists as an expert on automobiles but surely not limited to being one.</p>Read more
