SBI loan mela in Srinagar receives major response

Srinagar, Nov 26 (UNI) The loan mela, organised by the State Bank of India (SBI) here, received a good response with hundreds of customers visiting the mela today.

According to SBI Regional Manager Ajay Gupta, the mela organised in the main branch at Residency road, aimed at making people aware of the facilities being provided by the bank to its customers.

However, the main objective of the mela, which was organised in collaboration with Jamkash Vehicleads Pvt Ltd, was to sanction spot car loan to customers.

The latest models of Maruti vehicles were also displayed at the mela site.

Mr Gupta said besides car loan, the bank offers housing and other loans to its customers.

Mr Gupta and the bank's Chief Manager B L Jalali said the SBI was also offering complete financial services, including insurance, mutual fund and gold coins.

Mr Jalali said conventional deposits and loan facilities for commerce, industry and agriculture are also available in the bank.

He said the bank pays 10.50 per cent interest on deposits for 1,000 days. However, for senior citizens the rate is 11 per cent.

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