SBI announces India’s first ‘Green Car Loan’
- State Bank of India has launched India’s first ‘Green Car Loan’ (loans for Electric Vehicle) to encourage customers to buy electric vehicles.
- The interest rate in SBI Green car loans will be 20 basis points less than the normal car loan schemes. It will also come with the longest repayment period of up to eight years.
Points to remember:
- Which bank has announced India’s first ‘Green Car Loan’?