Easy India Loans

The public sector State Bank of India is India’s largest commercial bank with a network of 9,000 branches offering range of banking services such as
· Personal Banking
· Gold Banking
· NRI Banking
· International Banking
· Corporate Banking
· Small Scale Industries
· Small Business Finance
· Rural Banking
· Government Business
· Home Loans

SBI Bank India has 52 Foreign Offices in 34 countries.In the  mid-’90s when SBI was facing stiff competition from whole lot of private sector banks, the assistance of McKinsey & Co was sought to help in its restructuring. Today SBI  has again approached Mckinsey for another round of restructuring as aggressive foreign banks who have the advantage of superior technology like ICICI Bank and HDFC Bank are eating into SBI’s market share of interest and fee-based income.

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There are a large number of banks and financial institutions, which provide for easy and effort free loans. However most times people fail to see the exorbitant interest rates that these loan sharks charge you. As a result if you were even a little complacent with your bill payments you would end up falling into a debt trap. There would be many people around like me who would have taken a loan from by seeing the glossy adds that pop up every where you lay your eyes on and than would have easily fallen into debt traps of these loan sharks.

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The distinctive feature of a personal loan is that there is no security, collateral or guarantors required to be given in order to avail of this loan and this loan can be used for anything that one desires be it a car, jewelry or a holiday or a sudden vacation planned with the family, basically to fulfill any requirement. Personal loans are time related i.e. one may need it for a daughters marriage, to buy some necessary consumer durables or retire some old debts.The eligibility of an individual for a personal loan is and the amount of the loan is arrived at after taking into account his net take home salary. The tenure of the loan could vary for one to five years and repayment is in monthly installments or EMI’s as they are called.

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In the past few years India has been witness to a phenomenal rise in sales and profits of four wheelers of nearly all the leading manufacturers. The main reason for this trend has obviously been the ease with which one can get automobile loans from banks and also the substantial pay packets that the youth of the country have at their disposal nowadays in this booming economy. The types of auto loans offered are two wheeler loans, car loans and commercial vehicle loans.
 

According to statistics nearly 75% of the total vehicles sold in the last decade were financed through auto loans. In fact NCAER did a huge car market survey for Maruti Udyog which covered around 4,50,000 households across 342 cities/towns and 1,976 villages across the country which revealed some interesting trends.For e.g. in North India, two in every five cars sold in north India, for instance are  still bought predominantly on cash while in  the conservative south India, three of every four new cars are bought on finance and Delhi alone sells 35% of all the cars sold in India.

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