SBI launched Green Car Loan


  • State Bank of India (SBI) launched ‘Green Car Loan’ to encourage customers to buy electric vehicles (EVs) in the country.
  • The interest rates on the loan will be 20 basis points (0.2%) lower than SBI’s existing auto loans.
  • Thus, the equated monthly instalment (EMI) per Rs 1 lakh will be lower at Rs 1,468 for 96 months.
  • The scheme comes with the longest repayment period of up to 8 years.
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