The State Bank of India (SBI) has announced various attractive offers for its retail customers. The bumper offers announced by the largest Indian commercial bank includes 100 per cent waiver on the processing fee for home loan, auto, gold and personal loans. In the auto loan segment, SBI has announced 100 per cent finance to the car loan applicants. The SBI festival 2020 offer gives flexibility in gold loan repayment too. However, to avail these festival 2020 offers, loan applicants will have to apply through SBI YONO app.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

SBI Home Loan Offer

SBI has announced special festival offers on home loans for homebuyers. There would be 100 per cent waive-off on processing fees on home loans for home buyers in approved projects. The bank is also providing special concessions up to 10bps on the interest rate for the customers based on their credit score and loan amount. Additionally, homebuyers can avail 5bps interest concession if they apply for a home loan via YONO.

See Zee Business Live TV streaming below:

SBI Offer on Car, Gold, Personal Loan

SBI has announced complete waive-off in the processing fee for all customers applying for Car, Gold and Personal loan through SBI YONO App. SBI is offering the lowest interest rate starting from 7.5 per cent to customers opting for the car loan. They will also get 100 per cent on-road finance on select models.

SBI has good news for Gold loan applicants too, as they now have flexible repayment options for up to 36 months at the lowest interest of 7.5 per cent. To enhance the availability and affordability of credit to individuals in the times of the current crisis, the bank is offering Personal loans with lending rates as low as 9.6 per cent.

Key highlights of the SBI festival offer

1] 100 per cent waive-off in processing fee on Car, Gold, Personal and Home Loans in approved projects;
 
2] Credit Score based concessions up to 10bps for Home loans above Rs 30.00 lakh to 1 crore;
 
3] Homebuyers to get 5bps interest concession if applied through SBI YONO app;
 
4] Lowest interest rates on Car and Personal loan starting at 7.5 per cent and 9.6 per cent respectively;
 
5] Lowest interest rates on gold loan at 7.5 per cent;
 
6] Instant in-principle approval of Home, Car, and Gold loans through YONO; and
 
7] Flexible repayment options of up to 3 years for Gold loan customers.

SBI customers can also avail a pre-approved paperless personal loan on YONO at the comfort of their homes in just 4 clicks. They can simply check their eligibility via SMS by typing PAPL <space> <last 4 digits of SBI account number> to 567676.