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SBT, Tata deal

THIRUVANANTHAPURAM: The State Bank of Travancore has entered in to an understanding with Tata Motors for financing its range of passenger cars. The bank offers car loans of up to 85 per cent of the on road price, for periods ranging up to seven years. The SBT is offering car loans at 10 per cent per annum up to May 15, 2010 for loans sanctioned up to April 30, 2009. — Special Correspondent

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