Good news for many people: The State Bank of India (SBI) has announced several attractive offers for its private customers. The offers announced by SBI, India’s largest commercial bank, include a 100 percent waiver of the home loan, auto, gold and personal loan processing fee.
The SBI has announced that the bank will finance 100 percent of the auto loan applicants in the auto loan segment. The offer of the SBI Festival 2020 also offers flexibility in the repayment of gold credits. It is important to note that loan applicants can only take advantage of these 2020 Festival offers via the SBI YONO app.
Home loan offer
The SBI has announced that it will waive 100 percent of home loan processing fees for home buyers in approved projects. The bank has also announced that it will be granting customers special discounts of up to 10 basis points on the interest rate. Home buyers can also take advantage of a 5 basis point discount when they apply for a home loan through YONO.
Offer for car, gold, personal loan
The complete waiver of the processing fee for all customers who apply for a car, gold and personal loan via the SBI YONO app has been announced by SBI. SBI offers customers who apply for the car loan the lowest interest rate starting at 7.5 percent. The SBI has also announced that applicants will also receive 100 percent on-road financing for selected models.
Gold loan applicants now have flexible repayment options for up to 36 months at the lowest interest rate of 7.5 percent. The SBI-Bank also offers personal loans with interest rates of only 9.6 percent.
The most important highlights of the SBI festival offer:
1]100 percent waiver of the processing fee for car, gold, personal and home loans in approved projects
2]Credit score based concessions up to 10 basis points for home loans over Rs 30.00 lakh to 1 crore
3]Homebuyers receive an interest reduction of 5 bps when they apply via the SBI YONO app
4]Lowest interest rates for auto and personal loans from 7.5 percent and 9.6 percent
5]Lowest interest rate for gold loans at 7.5 percent
6]Immediate fundamental approval of home, car and gold loans by YONO and
7]Flexible repayment options of up to 3 years for gold loan customers.
If you are an SBI customer, you can get a pre-approved paperless personal loan on YONO in just 4 clicks. You can check your eligibility via SMS by calling PAPL