Green Car Loan

Green Car Loan

State Bank of India (SBI) launched India’s first ‘Green Car Loan’ (Electric Vehicle) to encourage customers to buy electric vehicles.
The new scheme ‘Green Car Loan’ will offer loan at 20 basis points lower than the interest rate on the existing car loan schemes.
The scheme comes with the longest repayment period of up to 8 years. It is thus a strategic inclusion to SBI’s auto loan segment that is offered with zero processing fee for the first 6 months of the launch.