Monsoon BONANZA! SBI waives processing fee on car, gold and personal loans - Check INTEREST RATES, BENEFITS and KEY DETAILS here

SBI Processing Fee Waiver: It is raining offers for the customers of the State Bank of India (SBI). The largest public sector bank in the country is offering 100 per cent processing fee waiver on car loan, gold loan and personal loan for its customers. The interested persons can login to the official website of SBI at sbi.co.in for further details.

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The SBI has recently tweeted about the offer from its official Twitter handle. The tweet from the country's largest public sector lender said, "Get drenched in happiness, as it's raining offers with SBI. Avail a 100% Processing Fee waiver on Car Loan, Gold Loan and Personal Loan. Know more at bank.sbi."

Get drenched in happiness, as it's raining offers with SBI. Avail a 100% Processing Fee waiver on Car Loan, Gold Loan and Personal Loan.

Know more at https://t.co/8gV2D7FEFG#SBI #CarLoan #GoldLoan #PersonalLoan #ItsRainingOffersWithSBI pic.twitter.com/fTcMvYShyq

— State Bank of India (@TheOfficialSBI) August 16, 2021

Now, the SBI customers planning on availing these 100 per cent processing fee waiver loans must be aware of the other details regarding the loans. They are as follows:

SBI Gold Loan
The SBI customers must note that the interest rates for SBI gold loan starts at 7.5 per cent per annum.

SBI Car Loan
The SBI customers must note that the interest rate for SBI car loan is 7.75 per cent per annum. If the SBI customers avail the loan avia SBI YONO, the interest rate will be 7.5 per cent per annum. The customers must remember that the bank finance all makes of new cars, and second hand cars not more than five years old.

SBI Personal Loan
The SBI customers must note that the interest rate for SBI personal loan starts at 9.6 per cent per annum. In case of personal loan, the loan limits are as follows:

Minimum Limit
Term Loan: Rs 25,000
Overdraft: Rs 5 lakh: The Overdraft will be subjected to monthly reduction in Drawing Power so that Drawing Power becomes NIL in 72 months

Maximum Limit
Rs 20 lakh subjected to 24 times Net Monthly Income (NMI) and applicable EMI/ NMI = 50% for all categories [except employees of Govt. Aided Schools where it is 12 times Gross Monthly Income (GMI)]

The SBI customers can also avail these loans on SBI YONO, the SBI YONO app is available for download on Android and iOS devices. In case of any further query, the SBI customers can login to the official website of SBI at sbi.co.in.