FADA Welcomes SBI’s Demand Encouraging Steps For Auto Loans

The Federation of Automobile Dealers Associations (FADA) has welcomed the steps taken by India’s largest Bank, State Bank of India (SBI) for Processing Fees Waiver and Fixed Interest Rate on Auto Loans for the upcoming Festive Season.

Speaking on this positive news, FADA President Mr. Ashish Harsharaj Kale said, “On behalf of the Entire Auto Dealer’s Fraternity, I welcome the Initiation Done by SBI in Encouraging Demand of Auto Retails. This will definitely act as an Enabler in Reviving Customer Confidence and help Many Undecided Auto Customers to Conclude on their Purchase decision. 

This will also help the Efforts being taken by the Government and the Auto Industry in bringing back the demand for purchasing New Vehicles, Especially during the upcoming Festival Season.”

Speaking further, Mr. Kale said, “At FADA, we are Very Confident that the Entire Banking and NBFC Industry is Planning Initiatives to Encourage Demand with SBI taking the lead. Being an important part of the Auto Retail Chain, we will soon see many of Our Banking and Finance Partners Initiating Many Such Demand Encouraging Steps.”