SBT Aishwarya Car Loan Scheme

1.	Name	SBT Aishwarya Car Loan Scheme.
2.	Applicable to	All new Car Loans to Public. Staff may also avail this loan.
3.	Period	Open from 06.07.09 to 30.09.09
4.	Interest	Period	Term loan	Overdraft
		1^st year	8% fixed	8.50% fixed
		2^nd& 3^rd year	10% fixed	10.50% fixed
		After 3^rd year, the rate will be reset to applicable card rate contracted on the date of sanction. ie. Spreads below/above SBTPLR as applicable on the date of sanction as per the agreement. (Please see Annexure-1) No other interest concession will be given under any tie up arrangement or otherwise below the offer rate.
5.	Reset period	Interest rate will be reset on the anniversary date of the loan to the applicable card rate contracted as on the date of sanction under the respective new car loan schemes. ie. Spreads below/above SBTPLR as applicable on the date of sanction as per the agreement.
6.	Processing fee	Fully waived upto 30.09.09