SBI offers these benefits on car, gold and personal loans with zero processing fees - Details here

India’s largest public sector lender State Bank of India (SBI) is offering a number of benefits on car loan, gold loan, and personal loan in the festive season. The interested customers can login to the official website of SBI at sbi.co.in for further details on the process and schemes.

SBI is offering personal loan from 9.6 per cent per annum, car loan from 7.25 per cent per annum and gold loan at 7.5 per cent per annum. Source: Reuters

SBI Loan Offers: The State Bank of India (SBI) is rolling out several offers for its customers because of the festive season. The largest public sector lender in the country is offering a number of benefits on car loan, gold loan and personal loan. The interested customers can login to the official website of SBI at sbi.co.in for further details on the process and schemes.

The SBI has recently tweeted from its official Twitter handle regarding the various loan offers. The tweet said, "Make the most of this festive season with special offers on Car Loan, Gold Loan and Personal Loan by SBI. Get started today! Apply Now: sbiyono.sbi."

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The SBI customers must note that the bank is offering zero processing fee on these loans. Furthermore, the SBI is offering personal loan from 9.6 per cent per annum, car loan from 7.25 per cent per annum and gold loan at 7.5 per cent per annum.

The SBI customers must note that they can apply for the loans via SBI YONO app. They can also login to sbiyono.sbi.

The interested SBI customers can apply for the loans at sbiyono.sbi or bank.sbi.

SBI is offering home loans this festive season with zero processing fees. Furthermore, SBI offers credit score linked home loans at just 6.70 percent, irrespective of the loan amount. Earlier a borrower availing a loan greater than Rs 75 lakh, had to pay an interest rate of 7.15 percent. Now, with the introduction of the festive offers, a borrower can now avail home loan for any amount at a rate as low as 6.70 percent.

It must also be noted that the offer results in a saving of 45 bps which translates to a huge interest saving of more than Rs 8 lakh, for a Rs 75 lakh loan with a 30-year tenure. Furthermore, the rate of interest applicable for a non-salaried borrower was 15 bps higher than the interest rate applicable to a salaried borrower. SBI has removed this distinction between a salaried and a non-salaried borrower.

For further details, the SBI customers can login to the official SBI website at sbi.co.in.

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