State Bank's new offer: waiver of processing fees on cars, gold, personal loans


SBI has announced a number of special offers to please retail customers during the current festive season. Processing fees have been waived for customers applying for a car, gold or personal loan through Yono. Car loans are being disbursed at a low interest rate of 7.5% by the bank. Certain models are funded at 100% off-road cost.

The bank has announced a special holiday offer on home loans. The processing fee on the home loan of the approved project has been completely waived. Customers are given a special rebate of 0.10 per cent on interest, depending on the credit score and the amount of the loan. Customers who apply for a loan through Yono will receive a 0.05% interest rebate.

Gold loan customers can borrow at a low interest rate of about 7.5 percent and have a long loan repayment period of up to 36 months. In times of crisis, private banks provide interest-free loans at a rate of 7.6% to provide affordable loans to the people. While digital transactions have significantly increased in the current situation, SBI is giving policy approval to car and gold loan applications through its Yono app. With just 4 clicks, bank customers can get pre-approved unsecured personal loans.

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