100 per cent discount on processing fees, SBI announces special benefits on loans
100 per cent discount on processing fees, SBI announces special benefits on loans
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New Delhi: The State Bank of India (SBI) has come up with a lot of offers for its customers in the upcoming festive season. The country's largest bank today announced that customers applying for car, gold, home or personal loans through the Yono app will not have to pay any processing fee. Customers applying for car loans will be given loans at a minimum rate of 7.5 per cent. At the same time, they will also be provided with 100% on-road financing facility on some selected models.

SBI has also announced special festive offers on home loans for home buyers. Customers who buy homes in unpaved projects will not have to pay any processing fee on home loans. The bank is also offering a special interest rate of 0.10 per cent to customers with better credit scores and higher loan unmounts. If these customers apply through SBI's Yono app, they will get a special 0.5 per cent concession.

SBI has also announced offers for customers who take gold loans. Such customers will have a repayment facility of up to 36 months at a minimum interest rate of 7.5 per cent. SBI is offering personal loans at the rate of 9.6 per cent in view of the availability of affordable credit to customers in the current crisis.

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