The largest lender of the country, State Bank of India is organizing a home and car loan festival in Coimbatore from September 30, 2011.

The fest spanning for a duration of three days would aim to bring borrowers as well as sellers on a common platform.

It is being organised in Coimbatore after two years this time.

Participation will be observed from property developers, builders and car dealers, informed R Krishnaswami, regional manager, SBI.

Stalls would be set by as many as 30 builders and 10 car dealers, he said.

In order to allure customers concessions by as much as 50% is being offered in processing fees of home loans and interest rates are also offered at rates starting from 10.5%.

In case of car loans, the processing fees would see a complete waiver and interest rates would begin from 11.25%, said Krishnaswami.