SBI Personal Loan, Home Loan, Car Loan Interest Rate Reduction, No Processing Fees, Learn More

The State Bank of India (SBI) has rolled out a whole host of new offerings on its retail lending and deposit to customers. The bank announced an interest rate concession as well as a 100% waiver of processing fees on auto loans for customers across all of its channels. On top of that, SBI came out with other concessional interest rates.

Shri CS Setty, MD (Retail and Digital Banking) of SBI, said, “We are pleased to announce several offers for all of our retail customers ahead of the holiday season. We believe these offers will help customers save more on their loans and at the same time add value to their festive celebrations. At SBI, we are constantly striving to provide the best financing solutions to all of our valued clients and help them meet their needs and requirements.

SBI Home Loan Interest Rates and Processing Fees

The State Bank of India has given its customers a complete waiver of processing fees on the home loan. Customers can also benefit from an interest reduction of 5 basis points. Non-female customers can also apply if they do so through SBI YONO.

SBI car loan concessions

The bank offers its customers a 100% car loan waiver across all its channels for its customers. Plus, customers can additionally take advantage of the on-road finance facility of up to 90% for their car loan. In terms of special concession, the lender offers customers 25 basis points for customers who apply for a car loan through YONO. Customers who use SBI YONO and want to buy a new car can get a loan at an interest rate as low as 7.5% per annum.

SBI Gold Lending Grants

The bank offers its customers a reduction of 75 basis points in interest rates on its gold loan. Customers can also benefit from it on any channel of the bank at an interest rate of 7.5% per annum. The bank has also waived processing fees for customers who apply for the gold loan through SBI YONO.

SBI Personal Loan and Pension Grants

The bank announced a 100% waiver of processing fees across all channels. The State Bank of India has also announced that there will be a special interest concession of 50 basis points given to Covid-19 warriors i.e. frontline workers applying for a personal loan. This will soon be available to them as part of car and gold loans.

SBI Platinum Term Deposit Interest Rates

Now, regarding retail depositors, the bank is introducing a program called “Platinum Term Deposits”. This is launched in recognition of 75 years of independence. Under this, the bank’s customers can get additional interest benefits of up to 15 basis points on term deposits for terms of 75 days, 75 weeks and 75 months. This was to come into effect on August 15 and run until September 14, 2021.

SBI tax return update

In a tweet from its official Twitter account, the major lender said customers can file their tax returns on YONO for free. The Tweet read: “SBI marks India’s 75th Independence Day with a special offer for you. File your tax return with Tax2win on YONO for FREE! »

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Bernadine J. Perkins