Date:16/08/2004 URL: http://www.thehindubusinessline.com/2004/08/16/stories/2004081600551302.htm

Back Onam Bonanza from SBI

Our Bureau

THIRUVANANTHAPURAM: State Bank of India (SBI) has cut interest rates on housing loans and car loans during the forthcoming Onam festival period.

The reduced rates would be applicable only in Kerala, and for those loans sanctioned between August 16 and 28. Housing loans sanctioned during the period would carry an interest rate of seven per cent and car loans, eight per cent.

The bank is organising an `Onam Bonanza' across the State during this period. Builders and automobile dealers will also be brought under one roof during the event. There will be special counters at each venue of this event to sanction loans on the spot. The `Onam Bonanza' event in Thiruvananthapuram will be held at the Women's Club, Kowdiar, from August 15 to 17.